Eindhoven-based VC LUMO Labs has launched a €100 million LUMO Rise Fund to invest in green innovation across Europe. The capital was raised from financial institutions, family offices, and high-net-worth individuals from the Netherlands and other European countries. In addition to LUMO Labs' existing focus areas, the LUMO Rise Fund will now also prioritize climate action (UN SDG 13) and digital security.
- Founded in 2016 by Andy Lürling and Sven Bakkes, LUMO Labs is a venture capital firm that invests in startups focusing on impact, technology, AI, software, health and well-being, manufacturing, hardware, data, blockchain, robotics, drones, sustainable cities, and quality education sectors.
- With offices in Eindhoven and Los Angeles, LUMO Labs’ portfolio includes 23 impact-driven technology and digital deep-tech startups, such as Alphabeats, Aiosyn, Autoscriber, Chunkx, Enliven Empathy, Healthplus.ai, and HULO.ai. The portfolio also features 30 investments and one exit in Active Esports Arena.
- The LUMO Rise Fund is backed by financial institutions, family offices, and high-net-worth individuals from the Netherlands and other European countries. Additionally, Dutch regional development agencies such as Brabantse Ontwikkelings Maatschappij (BOM), Oost NL, and NV NOM/Investeringsfonds Groningen (IFG) have also contributed. Over the next year, several more public and private entities are expected to join.
“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,” Founding Partner at LUMO Labs, Andy Lürling, stated.
- LUMO Labs plans to invest in approximately 30 to 35 impact-driven digital technology startups across the Netherlands, Belgium, and Germany, as well as in Scandinavia, the Baltic States, Spain, and Portugal, through the LUMO Rise Fund.
- Following LUMO funding, startup founders are enrolled in the bespoke LUMO coaching program. This program includes third-party subject matter experts, experienced entrepreneurs, and LUMO Labs' in-house team and partners. The goal is to enhance the economic value creation, as well as the social and environmental impact, of each startup in line with the fund's impact objectives.
“Our investments must not only pay off financially; they must also contribute to our specific sustainable development goals. From the very first contact and screening prior to investment, we pay a lot of attention to the impact proposition of the startup and provide continued support to ensure that our investments align with our impact focus,” Senior Partner at LUMO Labs, Dagmar van Ravenswaay Claasen, commented.
