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The Venture Codex

LUMO Labs

High Tech Campus 6a, Eindhoven, Noord-Brabant, 5656 AE, The Netherlands

Overview

LUMO Labs is an impact-driven multi-stage (pre-seed through series A) capital fund with a two-year growth program for founding teams of ventures focused on AI/Data, Blockchain, IoT, VR/AR and Security. We believe these emerging technologies hold the key to solving the social challenges people face today. At LUMO Labs, we focus on sustainable cities and communities, health and wellbeing and quality education. We create opportunities for people and emerging technologies by connecting impact-driven groundbreaking start-ups to our funds, our expertise, our network and each other.

Total investments
30
Lead investments
18
Investments · 12mo
11
Active investors
6

Sector focus

  • Business Development
  • Construction
  • Education
  • Health Care
  • Incubators
  • Real Estate
  • Software
  • Venture Capital
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Investment portfolio

  • Whispp

    Led · Equity · Jul 2026

    Whispp's core product is an on-device audio-to-audio AI that converts whispered or impaired speech into a user's natural-sounding voice in real time without routing audio through the cloud. The technology aims to operate with low latency by avoiding speech-to-text-to-speech pipelines and is designed for integration with mobile and PC OEMs and semiconductor partners. Whispp was founded in 2019 by Joris Castermans and Akash Raj Komarlu in Leiden, Netherlands, and spent six years focused on assistive solutions for people with voice disabilities, a population the company cites as roughly 300 million worldwide. The company has recently pivoted from a direct assistive end-user focus toward licensing and OEM partnerships to pursue a larger commercial voice market. Whispp has conducted pilots with industry players, including Qualcomm at Mobile World Congress Barcelona in February 2026. The new funding is intended to accelerate AI model development, product creation, and partner integrations.

  • Tap Electric

    Participated · Equity · Jun 2026

    Tap Electric has evolved from a payment solution for charging stations into a broader energy and charging management platform offering tools such as Tap Radar (fraud prevention for shared mobility), Prijs Intel (upfront insight into charging costs) and Power Intel (incentivizing grid-friendly charging). The company reports annual revenue growth of more than 300% over the past two years and nearly 100,000 monthly users on its platform. Tap analyzes hundreds of thousands of charging sessions to surface pricing and grid insights and says public AC charging is increasingly more expensive than home charging. Its product roadmap includes V2G, smart home charging, and open smart charging features to make charging cheaper and reduce stress on the electricity grid. Leadership quotes and investor commentary emphasize Tap's focus on aligning charging demand with available capacity to lower costs for users and infrastructure operators.

  • Skyfora

    Participated · Seed · Jun 2026

    Skyfora's core product is software that converts delays in GNSS signals received at telecom tower timing receivers into continuous, minute-by-minute atmospheric profiles (humidity, temperature, pressure). Founded in 2019, the company leverages existing telecom infrastructure so deployments do not require new hardware at sites. Skyfora has completed its first live deployment of Telecom GNSS Meteorology in Europe and won the Deloitte Innovation Accelerator Ventures for Impact award in 2025. The company plans to expand commercially across Europe, the US, and the Middle East and to deepen partnerships with telecom operators and AI weather-forecasting platforms. Financially, Skyfora raised €6.5 million in the latest round and has raised about €11 million in total including prior equity and grants. Its positioning aims to provide high-frequency ground-up atmospheric data to improve weather and climate intelligence for industries such as energy.

  • MagiQware

    Led · Seed · May 2026

    MagiQware is a Dutch quantum computing startup founded by a team with experience at leading European quantum research institutions and is headquartered in Delft. The company develops AI-driven software within the quantum compiler and software stack to optimize resource use for fault-tolerant quantum computing, with a specific focus on improving magic state factories. MagiQware's early results include AI agents that design more efficient magic-state-producing circuits, reducing qubit usage and shortening circuit depth by up to 40% in reported cases. The startup recently raised €500,000 in a pre-seed round led by LUMO Labs to accelerate R&D, product development, and validation of its technology. Leadership named in the article includes CEO and co-founder Arash Ahmadi and CTO and co-founder Shakeeb Majid.

  • Avendar

    Led · Seed · May 2026

    Avendar develops an intelligence platform that automates investigative work by analysing disconnected information sources, identifying hidden relationships, and surfacing patterns for public-sector investigators. The company’s platform has been piloted with the Ministry of Justice and Safety and is in use by the Dutch National Police and the Municipality of Amsterdam for criminal investigations and Bibob screening. Founded in 2025 in Eindhoven by Hugo Sleegers, Tijs Bronnenberg, and Marijn van Aerle, Avendar positions itself as a sovereign European alternative to large foreign intelligence vendors. It aims to reduce manual investigative processes, increase case throughput, and improve the speed and quality of decision-making for public agencies. With the recent seed financing, Avendar plans to scale its engineering and product capabilities and prepare for broader European market expansion.

Team