€100 Million Boost for European Impact Startups: LUMO Labs Launches New Fund
Tnw1 week ago
1000

€100 Million Boost for European Impact Startups: LUMO Labs Launches New Fund

LUMOLabs
RiseFund
ImpactStartups
SustainableDevelopmentGoals
EmergingTechnologies

Summary:

  • LUMO Labs launches a new €100 million fund called the Rise Fund to support European impact-driven tech startups.

  • The Rise Fund targets startups developing emerging technologies aligned with the UN's Sustainable Development Goals (SDGs), such as AI, blockchain, IoT, VR, and AR.

  • The fund will prioritize investments in startups addressing SDGs like Good Health and Wellbeing, Quality Education, Sustainable Cities & Communities, and Climate Action.

  • LUMO Labs is expanding its investment focus beyond its traditional regions, including Scandinavian countries, the Baltic States, Spain, and Portugal.

  • The Rise Fund will invest in approximately 30 to 35 startups over the next four years, providing both financial support and access to LUMO's coaching program.

  • The fund has secured commitments from a diverse range of investors, including individual investors, family offices, financial institutions, and regional development agencies.

LUMO Labs Invests €100 Million in European Impact Startups

Dutch venture capital fund manager LUMO Labs is launching a new €100 million fund to support impact-driven tech startups in Europe. The Rise Fund will focus on companies developing emerging technologies aligned with the UN's Sustainable Development Goals (SDGs).

Targeting Key Technologies and SDGs

The fund will primarily invest in startups utilizing technologies like AI, blockchain, IoT, VR, and AR to address key SDGs, including Good Health and Wellbeing, Quality Education, Sustainable Cities & Communities, and Climate Action.

Expanding Investment Reach

While LUMO Labs has traditionally focused on the Netherlands, Germany, and Belgium, the Rise Fund will expand its reach to Scandinavian countries, the Baltic States, Spain, and Portugal. Startups from the rest of Europe are also eligible for funding.

Supporting Growth and Impact

Over the next four years, the Rise Fund aims to invest in around 30 to 35 startups. In addition to financial support, these companies will gain access to LUMO's coaching program, designed to optimize their economic value creation and maximize their environmental and social impact.

Industry Support

The Rise Fund has secured commitments from individual investors, family offices, financial institutions, and regional development agencies such as BOM and Oost NL.

A Track Record of Success

Founded in 2016, LUMO Labs has a history of investing in deeptech and impact-driven startups. They've already supported 23 companies, including Alphabeats, Enliven, and Hulo.

The Need for Bold Entrepreneurs

LUMO Labs sees significant potential in entrepreneurs tackling pressing global challenges, such as urbanization, water scarcity, aging populations, and healthcare shortages. They encourage startups to be bold and ambitious in their pursuits.

Comments

0
0/300