🇳🇴 Dutch fund manager LUMO Labs expands to Norway and Spain for stronger regional presence

Eindhoven, the Netherlands – Dutch fund manager LUMO Labs announces the appointment of Linn-Cecilie Linneman and Jorge Blasco to join the LUMO Labs team in Norway and Spain respectively. With the appointment of these two experienced investors on the ground, LUMO Labs ensures permanent representation and visibility within the influential networks in these strategic regions in terms of innovation and capital.

These appointments follow the recently announced launch of a new 100MEUR investment fund for the commercialisation of emerging digital technologies for a greener and stronger society. In addition to investing in early-stage startups in the Netherlands, Germany and Belgium, this fund also proactively focuses on innovative startups from Spain, Portugal, Scandinavia and the Baltic States. The fund has a more reactive yet still welcoming approach towards startups from the rest of Europe.

Linn-Cecilie Linneman and Jorge Blasco, as partners for their respective regions, will become members of the core team and will be actively involved in the investments, portfolio management and fundraising of LUMO.

Founding partners of LUMO Labs, Andy Lürling and Sven Bakkes, will also remain actively involved as partners in the investments and guidance of startups in its portfolio in the Netherlands and the rest of Europe, as will the more recently joined partners Dagmar van Ravenswaay Claasen, Sabine Schoorl and Thomas Hannes.

“By expanding our team with Linn-Cecilie and Jorge, we are able to consolidate our presence in Spain, Portugal, Scandinavia and the Baltic States,” said Andy Lürling, co-founder of LUMO Labs.It has always been important for Sven and for me as investors to be well-informed about developments beyond our national borders. This enables us and the rest of the team to recognize trends and select the most progressive startups.”

Sven Bakkes, co-founder of LUMO Labs, continues: “That is why we have been involved with various foreign events, panels and juries such as Slush, TechBBQ, Latitude, 4YFN and Valencia Digital Summit with various people from our team since the beginning of LUMO Labs. Linn-Cecilie and Jorge both have a very interesting track record, experience and network, both regionally and in terms of content, which are invaluable to our own team and portfolio. The fact that we are also aligned in terms of vision, drive and approach makes them the ideal partners for us to take this step.”

Linn-Cecilie Linneman explains: “What I appreciate most about our team at LUMO is the commitment and determination to get things done, think big and have an impact. We all have in-depth knowledge of the markets and ecosystems in which we operate. Over the past few years, as CEO of Katapult and in other capacities, I have met numerous founders and worked closely with many of them. Good funding and support are and will always be indispensable. ”

“My first introduction to LUMO Labs started as an informal conversation in Valencia over a busy investor dinner,” says Jorge Blasco. “This quickly turned into an in-depth discussion about shared visions from different perspectives, about technology, the impact of venture capital and the (untapped) economic and impact potential of Spanish startups. The strategic insight and in-depth market knowledge at LUMO is invaluable and unique. It allows us to identify investments with very high potential. The global network of the entire team provides important access to different sectors, which undeniably benefits the portfolio companies.”

Over the next 4 to 5 years, LUMO will invest in some 34 to 35 impact-driven European start-ups.

Originally published on 5 September by LUMO Labs.

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