Netherlands’ LUMO Labs launches €100M fund for European impact startups

Dutch venture capital fund manager LUMO Labs is launching a new €100mn fund for Europe’s impact-driven tech startups. Building on LUMO Lab’s existing investment strategy, the new Rise Fund will target startups that develop emerging technologies which align with the UN’s Sustainable Development Goals (SDGs). The technologies include AI, blockchain, IoT, VR, and AR. Their application needs to serve LUMO Labs’s focus areas of SDGs: Good Health and Wellbeing, Quality Education, and Sustainable Cities & Communities, and Climate Action. The Rise Fund will also aim for more regional diversification beyond the Netherlands, Germany, and Belgium where LUMO Labs is mostly…

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