LUMO Labs’ €100M Impact Fund Secures €6M Backing from Spain’s SETT to…

Team S · 2026-03-09T14:40:53.000Z

Dutch venture capital firm LUMO Labs has secured a €6 million commitment from Spain’s state-owned investment arm SETT (Spanish Society for Technological Transformation) for its €100 million LUMO Fund, an impact-focused venture capital vehicle supporting early-stage technology startups across Europe. The LUMO Fund is designed as a multi-stage VC fund investing from pre-seed to Series A, targeting companies developing innovative technologies that address social and environmental challenges. The fund plans to back around 30-35 startups over the next four years. The newly secured capital from SETT, a public entity under Spain’s Ministry for Digital Transformation and the Civil Service, aims to strengthen funding access and entrepreneurial support for early-stage startups across Europe, with special attention on Spain’s growing startup ecosystem. LUMO Labs focuses on digital deep-tech innovations, particularly startups building solutions in areas such as artificial intelligence, digital security, and the Internet of Things (IoT). These sectors are seen as key drivers of economic growth, digital transformation, and social progress across Europe. The fund’s impact strategy aligns with several UN Sustainable Development Goals (SDGs), including Good Health and Well-Being, Quality Education, Sustainable Cities and Communities, and Climate Action. Through this approach, LUMO Labs aims to support founders developing scalable technologies that generate both commercial and societal impact. Founded by Andy Lürling and Sven Bakkes, LUMO Labs invests in mission-driven deep-tech startups and also provides founders with coaching programs and ecosystem support to help accelerate early validation and global growth. The fund primarily targets startups in Benelux and Germany, while also exploring opportunities in the Nordics, Baltics, and the Iberian Peninsula.

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LUMO Labs’ €100M Impact Fund Secures €6M Backing from Spain’s SETT to… | Newnex