Dutch fund manager LUMO Labs has launched the LUMO Rise Fund, a new investment fund with a total size of €100 million. This fund aims to invest in European startups that focus on developing and applying emerging digital technologies for a greener and stronger society.
Over the next four years, LUMO Labs plans to invest in around 30 to 35 impact-driven digital technology startups with the LUMO Rise Fund. This new fund will allow the Dutch investor to expand capital for regional diversification and provide more room for follow-on financing to enhance the financial, social, and environmental returns on its investments.
In the past month, financial institutions, family offices, and high net worth individuals from the Netherlands and other European countries have already committed capital to the LUMO Rise Fund. Dutch regional development agencies BOM, Oost NL, and NOM/IFG have also joined. Over the next twelve months, additional public and private parties are expected to participate.
Andy Lürling, Founding Partner of LUMO Labs, stated: “Emerging digital technologies, such as deeptech AI, enable people to manage complexity with unprecedented speed and scale. This is key to finding structural solutions and sustainable alternatives to widespread degenerative habits and unsustainable systems. We invest in impact-driven entrepreneurs who aim to improve people’s quality of life and well-being and reduce the strain on healthcare, social services, and the planet.”
With the launch of the LUMO Rise Fund, the investment team is now proactively seeking suitable startups outside of the Netherlands, Belgium, and Germany, including those in Scandinavia, the Baltic States, Spain, and Portugal. Local experts will be added to the team shortly, and startups from the rest of Europe are also eligible for investment from the fund.
Sven Bakkes, Founding Partner of LUMO Labs, added: “For startups with innovative, digital propositions, (pre)-seed funding is crucial for speed and scale. In addition to funding, it is vital to understand and facilitate the specific kind of value creation and risk mitigation that fits this exceptional stage to succeed. We rely on methodical and timely selection, active monitoring, and our proven LUMO Program. Built on four solid pillars related to leadership, product-market fit, storytelling, and follow-on investment, this active support program is tailored to each startup’s individual needs and updated on a rolling basis.”
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