Eindhoven-based LUMO Labs has announced a €6 million commitment from the Spanish Society for Technological Transformation (SETT). SETT is the public investment arm of the Spanish Ministry for Digital Transformation and Civil Service.

LUMO Fund

The investment will benefit the LUMO Fund, a €100 million multi-stage venture capital vehicle. The fund is focused on impact-driven technology startups across Europe. The capital will support early-stage investment activity.

Background

Venture capital funds play a crucial role in the startup ecosystem, providing the necessary capital to develop and scale new technologies. These funds often focus on specific sectors or geographic areas, offering not only funding but also expertise and networks.