Lighthouse Canton Launches LC GenInnov Global Innovation Fund to Capitalize on AI-Driven Growth Opportunities

• ByStartupStory     |    April 22, 2024

Lighthouse Canton, a prominent wealth and asset management firm, has unveiled its latest investment vehicle, the LC GenInnov Global Innovation Fund, dedicated to companies poised for growth in the realm of generative artificial intelligence (GenAI). This initiative underscores Lighthouse Canton’s proactive stance in capitalizing on the swift pace of AI innovation across various sectors.

The LC GenInnov Global Innovation Fund aims to seize the burgeoning opportunities in sectors such as biotech, healthcare, robotics, home automation, wearables, and clean tech. With a strategic approach, the fund plans to invest in approximately 30-40 companies, leveraging a four-bucket investment framework emphasizing innovation, scalability, market expansion potential, profitability, and valuation.

Shilpi Chowdhary, Group Chief Executive Officer of Lighthouse Canton, emphasized the fund’s commitment to staying ahead of the curve: “The breakneck speed of AI innovation requires us to stay ahead of the curve and the LC GenInnov Global Innovation Fund reflects that commitment.”

The investment team and advisory board of the Fund are spearheaded by Nilesh Jasani, a seasoned markets veteran and GenAI expert, who commented on the transformative power of AI in real-world scenarios: “We are moving beyond the foundational elements of computing and large language models to harness AI’s true potential through its application in real-world scenarios. It’s in the downstream use cases—beyond chatbots, image editing, and text formation—where we see the transformative power of AI coming to life.”

The fund will predominantly focus on publicly-traded stocks but will also explore opportunities beyond the technology sector, including private investments in innovation. It seeks long-term growth prospects aligned with fundamental investment principles and innovation themes while catering to professional and accredited investors looking for growth opportunities across all market conditions.

In November last year, Lighthouse Canton announced the closure of LC Nueva Alternate Investment Fund (AIF), focusing on early-stage companies in healthtech, consumer tech, fintech, and edtech sectors, at Rs 350 crore. With over $3 billion worth of assets under management and advisory, Lighthouse Canton maintains a significant presence in Singapore, Dubai, and India.

Follow Startup Story