LUMO Labs

Who they are

About

LUMO Labs is a Dutch venture capital firm founded in 2016 by tech entrepreneurs Andy Lürling and Sven Bakkes. They focus on investing in impact-driven digital technology startups that leverage emerging digital technologies like AI to improve quality of life, well-being, and address challenges in healthcare, social services, and the planet. With their recently launched €100 million LUMO Rise Fund, they aim to invest in 30 to 35 European startups over the next four years. Their previous fund invested in 23 impact-driven technology and digital deep-tech startups.

Investment profile

Investment thesis

LUMO Labs invests in impact-driven entrepreneurs with the ambition and potential to reach large numbers of people through digital propositions. Their core philosophy is to support ventures that aim to improve people's quality of life and well-being, and relieve strain on healthcare, social services, and the planet. They emphasize strong impact propositions and provide continued support to ensure alignment with their focus.

Ticket size

Varies by stage; average implied check size for LUMO Rise Fund is €2.8M - €3.3M, including follow-on

Sweet spot

Impact-driven digital technology startups leveraging emerging digital technologies (AI/Data, Blockchain, Robotics/Drones, IoT, VR/AR) for a greener and stronger society, improving quality of life, and well-being.

What they add

Multi-stage capital (Pre-seed through Series A), Two-year venture builder program, Expertise in emerging technologies, Network access (funds, other startups), Follow-on financing, Support for impact alignment

Stages

Pre-seed · Seed · Series A

Geographic focus

Netherlands · Belgium · Germany · Scandinavia · Baltic States · Spain · Portugal · Europe

Portfolio companies

WebsiteInvestor

What they invest in