Database/Lighthouse Consumer Fund
VCF009 · Vintage 2022Open

Lighthouse Consumer Fund

Lighthouse Brands Capital

Direct-to-consumer challenger brands with proven unit economics — food, wellness, home.

Venture CapitalSeries A — Consumer BrandsUKEuropeArticle 8
Performance · since vintage

Net TVPI multiple

0.88x
+-3.7pp vs benchmark
QuarterNet IRRNet TVPINet DPI
2024 Q1-6.7%0.97x0.01x
2024 Q2-5.8%0.82x0.01x
2024 Q3-5.6%0.94x0.02x
2024 Q4-3.6%0.82x0.02x
2025 Q1-9.9%0.95x0.02x
2025 Q2-4.7%0.91x0.02x
2025 Q3-7.3%0.94x0.03x
2025 Q43.1%0.85x0.03x

Terms

Target fund size£200m
Current AUM£150m
Min ticket£3m
Max ticket£20m
Target net IRR18–22%
Lock-up8 years
Management fee2.00%
Carry / performance20%
BenchmarkCambridge Associates Consumer VC
ESG / SFDRArticle 8
Liquidity

Closed-ended.

Investment highlights

  • Operator-led — partners are former founders of two successful DTC exits
  • DTC valuation reset weighed on 2023–24 marks

Top 5 holdings

Largest positions · % of fund · simulated
  • Praxis Logistics10.4%
  • Stratos Cloud9.6%
  • Northwind Robotics9.0%
  • Aperture Labs6.1%
  • Parallax Fintech4.2%