LUMO Labs to reinforce Europe’s North-South Impact-Tech Axis with LUMO landing spot in the Norrsken House in Barcelona.

Barcelona, October 18, 2024 – Dutch venture capital fund LUMO Labs today announces it will be running their operations for Spain and Portugal from the Norssken House in Barcelona. With this step it gives start-ups from the region direct access to LUMO Labs’ capital, network, and expertise. It also illustrates the fund’s commitment to the blooming ecosystem on the Iberian Peninsula.

LUMO Labs recently announced it’s 100MEUR successor fund for the commercialisation of emerging digital technologies for a greener and stronger society. Over the next 4 to 5 years, LUMO will invest in some 34 to 35 impact-driven European start-ups. In addition to investing in early-stage startups in the Netherlands, Germany and Belgium, the fund now also proactively focuses on innovative startups from Spain, Portugal, Scandinavia and the Baltic States.

Just under a year ago, Norrsken Foundation from Sweden opened the doors to Europe’s biggest hub for tech and impact in a 10 000 square meter beachfront building with four floors and a stunning rooftop in Barcelona. The arrival of Norssken’s global partners, such as LUMO Labs, and their commitment to jointly contribute to the regional ecosystem, shows the relevance of the city’s support for the bold initiative.  

“With our presence in Barcelona, we intend to reinforce the Impact-Tech Axis between the North and South of Europe,” says Andy Lürling, founding partner of LUMO Labs. “Over the last 4 years, with our previous fund, we have been actively reviewing startups from across Europe. We chose Barcelona as our regional hub because here we see the highest activity of impact-driven tech startups that match our investment thesis”. 

Jorge Blasco, partner at LUMO Labs for Spain and Portugal, continues: “Norrsken House Barcelona makes it possible to literally come together. It is great to see LUMO land in Barcelona. The collaboration from the local authorities, such as Barcelona Activa, the city council, ACCIO or ICF, has been great and we look forward to intensify our contribution in the local startup ecosystem”.

The Deputy Mayor for Economy, Finance, Economic Promotion and Tourism of Barcelona City Council, Jordi Valls, said that the arrival of the fund “reinforces the options of the local startup ecosystem to obtain funding appropriate to their business model’ while Valls said that the announced investment line ‘focused on startup projects with social and environmental impact is aligned with the policies of the City Council to support the growth of the economy linked to technological development and to reduce the effects of climate change”.

Marc Jordana Soldevilla, CEO & Co-founder Norrsken Barcelona claims:  ‘We believe that entrepreneurship and new technologies are forces that can build a better tomorrow. We are delighted that international venture capital firms investing in technology like LUMO choose Norrsken as their main base in Barcelona. We are starting to see an increasing number of startup founders choosing to focus on impact, climate technologies, deeptech and other emerging technologies, all of which need funding and support to reach the market. We look forward to continuing to build the entrepreneurial ecosystem for these cases in conjunction with LUMO being here in Barcelona”.