In a market where “AI fund” can mean almost anything, Lumo Labs is unusually specific: digital deep tech, deployed early, and anchored in one of Europe’s densest innovation clusters—Eindhoven, home of Philips’ legacy and the High Tech Campus (“smartest square kilometer” energy).

In this EUVC pitch episode, Andreas sits down with Andy Lurling, founder & GP of Lumo Labs, to unpack how an entrepreneur-turned-investor built a fund that’s deliberately more than money: a structured support program, deep technical selection, and a thesis shaped by real-world constraints, health systems under pressure, and cities as the source of most emissions and pollution.

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What’s covered:

00:59 Why “Labs” and why Eindhoven: origin story + Philips legacy
02:31 Andy’s founder journey: EyeOpener, ESA as first investor, and the exit
06:15 From angel tickets to a fund: two cornerstone LPs pull them into fund building
08:26 Fund I recap: €20m, 23 pre-seed/seed investments
08:58 Fund II status: just over €40m raised, targeting €100m final size
10:34 The actual thesis: AI + digital deep tech (security, IoT, AR)
13:12 SDG focus: health, education, sustainable cities + climate action (urban)
15:31 Why these sectors: prevention over curing, and cities as the “source problem”
19:22 Where they invest: Netherlands/Belgium/Germany core; Spain/Portugal + Nordics via scouts
20:30 “Smart capital” in practice: leadership, market fit, storytelling, follow-on readiness
23:30 Track record snapshot: 30 companies; 3 dead; 9 (soon 11) moving into scale-up territory

E701 | Andy Lurling, Lumo Labs: Smart Capital from Eindhoven and Investing in AI for Health

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