Dutch fund manager LUMO Labs announced the launch of LUMO Rise Fund, a new investment fund with a total size of € 100 million. With this fund, it plans to invest in European startups focused on the development and application of emerging digital technologies for a greener and stronger society.
Over the next four years, LUMO Labs will invest in approximately 30 to 35 impact-driven digital technology startups with LUMO Rise Fund. For the Dutch investor, this new vehicle means an expansion in capital for more regional diversification and more room for follow-on financing to increase the financial, social, and environmental return on its investments.
Financial institutions, family offices and High Net Worth Individuals, from the Netherlands and other European countries, have already committed capital to LUMO Rise Fund in the past month, as have Dutch regional development agencies BOM, Oost NL and NOM/IFG. In the next twelve months, several more public and private parties will join in.
Andy Lürling, Founding Partner LUMO Labs, commented: “Emerging digital technologies, such as deeptech AI, allow people to manage complexity with unprecedented speed and scale. This holds the key to structural solutions and sustainable alternatives to widespread degenerative habits and unsustainable systems. We invest in impact-driven entrepreneurs who have the ambition and potential to reach large numbers of people, with digital propositions aimed at improving people’s quality of life and well-being, and relieving the ever-increasing strain on healthcare, social services and the planet.”
With the launch of LUMO Rise Fund, the investment team is now also proactively looking at suitable startups outside of the Netherlands, Belgium, and Germany, namely in Scandinavia, the Baltic States, Spain and Portugal. Local experts will be added to the team shortly. Start-ups from the rest of Europe are also eligible for investment from the fund.
“For startups with innovative, digital propositions, (pre)-seed funding is critical for speed and scale. In addition to funding, it is key to understand and facilitate the specific kind of value creation and risk mitigation that fits this exceptional stage, to succeed. We swear by 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,” added Sven Bakkes, Founding Partner LUMO Labs.
Read the orginal article: https://www.eu-startups.com/2024/07/dutch-investor-lumo-labs-launches-a-e100-million-fund-to-support-30-to-35-impact-driven-startups/
