5 February 2026, London & São Paulo: Lightrock, a global investment platform backing purpose-driven companies, today announces a commitment from Desenvolve SP, the São Paulo state government's development agency, to deploy R$50 million (approx. USD $9.5 million) into growth-stage businesses developing solutions to structural challenges.
Desenvolve SP is a financial institution of the state government that supports sustainable development in the São Paulo region and beyond. The R$50 million allocation to Lightrock represents the maximum amount the institution is permitted to allocate to any single private market investment strategy.
Lightrock manages approximately USD $800 million in Latin America and invests in companies operating across its impact themes of People, Planet, and Productivity. Lightrock's portfolio in the region includes companies such as General Water (water supply systems, effluent treatment and water reuse), Combio (renewable thermal energy supply for industrial processes), Konfio (SME-focused lender supporting business growth), and Betterfly (employee benefits and wellbeing platform).
"Desenvolve SP's commitment represents an exciting alignment of values and ambition. Together, we look forward to scaling purpose-driven companies addressing the region's structural challenges. We look forward to working with our new partner and purpose-driven founders to deliver lasting positive impact."