Lumen Ventures Lumen II

About Lumen Ventures Lumen II

Lumen Ventures Lumen II is a seed-stage fund with €100M hard cap, backed by CDP Venture Capital and ENPAM. Focuses on fintech, insurtech, digital health, and cybersecurity in Italy and broader Europe.

Investment Focus

Location / RegionItaly

Funding StageSeed

Industry Focus

Cybersecurity

Digital Health

Fintech

Insur Tech

Investor Signals Profile

active

Sweet Spot

Second-time Italian founder in insurtech, fintech, digital health, or cybersecurity at seed stage

insurtech

fintech

digital-health

cybersecurity

Italy-seed

Bullish Signals

CDP Venture Capital SGR anchor LP signals strong institutional endorsement of teamblog

Fund acts as lead investor, setting terms and building syndicates activelyblog

ENPAM and regional banks provide strategic LP alignment with digital health focusblog

Team exited companies to Freetrade — proven operator pedigreeexternal

"Built by founders, for founders" — full operator team confirmedwebsite

Contrarian Signals

Italian exit markets thin; trade sales more realistic than IPOsblog

Regulatory complexity in fintech and insurtech slows portfolio product iterationblog

Founder Do's

Highlight your previous founder experience and what you learned from it

Demonstrate deep understanding of regulatory complexity in your sector

Show strong strategic connection to the Italian market

Articulate a realistic go-to-market that reflects prior build-cycle lessons

Engage Lumen as a lead investor willing to anchor your round

Founder Don'ts

Approach as a first-time founder outside these four verticals

Underestimate compliance timelines and enterprise sales cycles in regulated sectors

Pitch without a meaningful Italy HQ, market, or strategic anchor

Key GPs & Partners

Davide Fioranelli

General Partner

ex-founderthesis-drivenhands-on

Luca Adinolfi

General Partner

ex-founderthesis-drivenhands-on

Daniele Vadori

General Partner

thesis-drivenpatient-capitalcommunity-builder

Mattia Margonari

CFO

finance-focused

Valerio Durazzo

Investment Manager

deal-sourcing

Jessica Jade Cleary

Relations & Communication

community-builder

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Fund Overview

Fund Size€100M

Saves0

Website

Key People

Lumen Ventures, Ulixes SGR

Davide FioranelliGeneral Partner

Luca AdinolfiGeneral Partner

Daniele VadoriGeneral Partner

Mattia MargonariCFO

Valerio DurazzoInvestment Manager

Jessica Jade ClearyRelations & Communication

About Lumen Ventures Lumen II

Investment Focus

Investor Signals Profile

Sweet Spot

Bullish Signals

Contrarian Signals

Founder Do's

Founder Don'ts

Key GPs & Partners

Unlock Investor Signals

Fund Overview

Key People

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