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Explore: Fintech · Insurtech · Digital Health · Cybersecurity · Seed

Lumen II

Ulixes SGR

VC$114.4MCo-investsLeads rounds

Fund Size

$114.4M

Check Size

$0.5M$5.0M

Location

🇮🇹Italy

Investment Thesis

The fund aims to invest in innovative seed-stage start-ups operating in the fintech, insurtech, digital health and cybersecurity sectors.

About Lumen II

Lumen Ventures is an Italian venture capital firm focusing on seed-stage investments in innovative startups across cutting-edge sectors including fintech, insurtech, digital health, cybersecurity, AI, quantum computing, food, health, smart mobility, and consumer internet. They target experienced second-time founders building market-transforming businesses with global scale potential. Lumen II is their €100 million alternative venture capital fund managed by Ulixes SGR, backed by investors like CDP Venture Capital, ENPAM, and Banca Popolare di Fondi.

Sectors

FintechInsurtechDigital HealthCybersecurity

Stages

seed

Geographic focus

Italy

Notable Investments

Macai, XTRA

Verified 3 April 2026 · Sources: company website, Fusion42 review

Frequently asked questions

What does Lumen II invest in?
Lumen II invests in Fintech, Insurtech, Digital Health and Cybersecurity at the seed stage.
Which geographies does Lumen II focus on?
Lumen II focuses on Italy, and is headquartered in Italy.
What is Lumen II's typical check size?
Lumen II typically writes checks of $0.5M to $5M.