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The fund will invest in approximately 30 to 35 impact-driven tech startups over the next four years. The selected startups will also receive access to the LUMO coaching programme, which aims to optimise economic value creation and maximise the companies’ environmental and social impact in line with the fund’s objectives.
Multiple parties have already committed capital to the Rise Fund, including individual investors, family offices, financial institutions, and Dutch regional development agencies, such as BOM and Oost NL.
LUMO Labs was founded in 2016 by Andy Lürling and Sven Bakkes. The duo launched the first fund in 2020. Since then, LUMO Labs has invested in 23 impact-driven and deeptech startups, such as Alphabeats, Enliven, and Hulo.
According to Lürling there’s a long list of challenges that startups can address, from urbanisation and the increasing lack of drinkable water to the aging population and healthcare shortages.
“We would love to see entrepreneurs that are bold enough to work hard and accomplish the audacious goals they set for their company,” he told TNW.
Source link : https://thenextweb.com/news/netherlands-lumo-labs-launches-fund-european-impact-startups
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Publish date : 2024-07-08 23:00:00
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