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Key people at Lightsmith Group.
Lightsmith Group was founded in 2017 by Sanjay Wagle (Co-Founder and Managing Director) and Jay Koh (Managing Director & Co-Founder).
The Lightsmith Group operates as a growth equity firm dedicated to investing in companies that develop solutions for climate adaptation and resilience. The firm provides capital and strategic support to growth-stage businesses focused on mitigating the impacts of climate change across various sectors, including water management, data analytics, and resilient infrastructure. Their investment strategy targets innovative technologies and services that help societies and economies adjust to evolving environmental conditions.
The firm was co-founded in 2016 by Jay Koh, who serves as Managing Director. Koh brings over two decades of experience in both investing and public policy, which shaped the firm's unique focus. The insight behind Lightsmith Group stemmed from the recognized and growing imperative to address climate change's increasing risks and impacts, leading them to establish one of the first private equity funds exclusively concentrated on climate adaptation and resilience.
Lightsmith Group partners with companies whose products and services are adopted by a wide array of users, from municipalities and industrial clients to agricultural businesses, all seeking effective climate solutions. The firm’s long-term vision is to accelerate the development and deployment of technologies that foster global climate resilience, enabling communities and industries to thrive in a changing world. They aim to drive systemic change by supporting commercially viable solutions for a sustainable future.
Lightsmith Group was founded in 2017 by Sanjay Wagle (Co-Founder and Managing Director) and Jay Koh (Managing Director & Co-Founder).
Key people at Lightsmith Group.
Lightsmith Group has 2 tracked investments across 2 companies. The latest tracked deal is $58.5M Series C in AiDASH in April 2024.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Apr 30, 2024 | AiDASH | $58.5M Series C | Lightsmith Group | Benhamou Global Ventures, Duke Energy, Edison International, G2 Venture Partners, Marubeni Corporation, National Grid Partners, Sabanci Ventures, SE Ventures, Shell Ventures |
| Jul 1, 2022 | Source | $130.0M Series D | Breakthrough Energy Ventures, Erik Snyder | Rachel Slaybaugh, Fifth Wall, Microsoft, BlackRock, Duke Energy, Harvard Management Company, Material Impact, Monashee Investment Management, WIND Ventures |