On 31 March 2020, LUMO Labs announced its LUMO Fund II, a EUR 20 million (pre)seed fund for innovative software start-ups.
The fund provides selected start-ups with both financial support, as well as a tailor made two-year day-to-day coaching and mentoring program ran from its offices on the High Tech Campus in Eindhoven. In addition to financial returns, LUMO Labs also aims to have a sustainable positive social impact. The fund focuses on investments in innovative emerging technology start-ups with products or solutions that positively contributing to at least one of the three selected Sustainable Development Goals being Sustainable Cities & Communities, Health & Well-being, and Quality Education.
The full press release can be found here.