Fund profile / Italy

Lumen Ventures Lumen II

Geography: Italy
Stage: Seed
Fund size: €100M
Focus: Cybersecurity, Digital Health, FinTech and InsurTech
Signals: Published

N°01 / About

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.

N°02 / Thesis

Investment Focus

Location / RegionItaly

Funding StageSeed

Industry Focus

Cybersecurity

Digital Health

FinTech

InsurTech

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

Entire GP team has founded, scaled, and sold companieswebsite

Winston Churchill motto reinforces founder resilience and persistence mindsetwebsite

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

23 signals on Lumen Ventures Lumen II

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Facts

Fund Overview

Fund Size€100M

Saves0

Website

People

Key People

Lumen Ventures, Ulixes SGR

Davide FioranelliGeneral Partner

Luca AdinolfiGeneral Partner

Daniele VadoriGeneral Partner

Mattia MargonariCFO

Valerio DurazzoInvestment Manager

Jessica Jade ClearyRelations & Communication

Backers

Known LPs

CDP Venture Capital SGRFund-of-Funds

Fondazione ENPAMPension fund

Banca Popolare di FondiBank

N°04 / See also

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