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LUMEROOS CAPITAL LC003
Last Updated:
Investment Objectives
Venture investments in the creation of payment institutions
The Fund implements a strategy focused on creating and scaling payment institutions across various EEA jurisdictions. Investment decisions are based on regulatory requirements, market potential, and the strategic feasibility of launching new payment companies.
The Fund independently establishes SPVs (Special Purpose Vehicles), which are used to obtain licenses and create payment and electronic money institutions (EMIs). SPVs are utilised to structure investments, minimise risks, and efficiently manage newly established financial entities.
To assess investment decisions, the Fund conducts research, including regulatory landscape and licensing requirements in the target jurisdiction, payment services market infrastructure, competition levels, demand for new financial solutions, financial sustainability of the project, capital expenditures for licensing, technological development, market entry, cooperation with other Fund projects, potential consolidation, and scalability within the SPV structure.
The Portfolio Manager conducts comprehensive due diligence before launching each new SPV and payment institution. Technical and legal expertise may be delegated to local consultants, but they provide advisory support only and do not participate in decision-making.
The Fund invests through SPVs and intermediary holding companies, considering legal requirements, tax optimisation, and commercial feasibility in the respective jurisdiction.
In the case of joint ventures, the Fund’s participation is structured through wholly owned subsidiaries or local enterprises controlled by such subsidiaries.
Types of Strategy
| Type | Description of Strategy |
|---|---|
| Venture Fund | The Fund implements the Venture Fund strategy by creating SPVs (Special Purpose Vehicles) to structure deals and manage investments in licensed payment institutions, electronic money institutions (EMIs), and financial service providers across various EEA jurisdictions. The Fund focuses on early-stage companies developing payment processing solutions, open banking infrastructure, cross-border payment networks, and digital financial services. SPV companies are utilised to secure regulatory licenses, establish compliance frameworks, and manage operational risks, ensuring a structured approach to scaling businesses. The Fund finances technology development, regulatory licensing, and market expansion through equity investments, convertible loans, and strategic acquisitions. The Portfolio Manager actively supports portfolio companies in securing additional funding rounds, navigating regulatory challenges, and expanding internationally. |
Key Information
| Field | Details |
|---|---|
| Subscription Start Date | Not started. |
| Subscription End Date | N/A. |
| Minimum Subscription Amount | €100,000. |
| Documents | All investors must provide signed application forms and complete KYC/AML checks by the Subscription End Date. |
| Target Audience | Subscription is available only to professional and qualified investors. |
| LEI code | TBP |
Fund’s Structure
Open-Ended with Limited Liquidity Arrangements.
Target Markets
EEA.
Eligible Persons
Investment in the fund may only be permitted to Eligible Persons, as such term is defined in the section titled “DEFINITIONS” of the fund’s Prospectus. Each Prospective Partner is responsible for seeking advice on the terms’ meaning and deciding if they qualify or are willing to be treated as such.
Each Partner will have to prove a capacity for compliance and AML purposes.
Minimum Capital Raising
The fund’s General Partner determined the Minimum Capital Raising amount specified in the Fund Offering Summary sub-section of the Prospectus, which constitutes the minimum capital required for the fund to commence operations.
Initial Subscription Price
The General Partner determined the amount of the Initial Subscription Price, which is specified in the Fund Offering Summary sub-section of the fund’s Prospectus.
Risk Considerations
Investment in the fund may entail significant risks associated with Portfolio concentration. Partners are encouraged to draw their attention to the risk considerations outlined in the section of the fund’s Prospectus titled “RISK FACTORS”.
Disclaimer
The fund is managed by LUMEROOS CAPITAL OÜ (LUMEROOS™), a Small Fund Manager that registered its activities with the Estonian Financial Supervision Authority (09.05.2022).
The information presented herein is only intended for professional, well-informed, and qualified investors within the meaning of subsection 2 of § 6 of the Securities Market Act of 2022, as amended, and is not directed to persons in jurisdictions outside the Republic of Estonia and the European Union.
The information and services mentioned herein are subject to the relevant Estonian and European Laws and Regulations and are, therefore, duly supervised and regulated by the Estonian Financial Supervision Authority.
By accessing this website, you confirm that you are a professional, well-informed, and qualified investor and accept its Terms of Service.
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Contact
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