LUMO Labs, an Eindhoven-based firm that creates opportunities for impact-driven software and smart hardware startups, announced on Thursday that it has invested €1M in Arnhem-based VR game tech company Enliven. LUMO Labs says the investment was made in collaboration with Oost NL.
Enliven says it will use the funds to accelerate platform development, brand visibility, and high-quality content production.
“We are delighted to take the next step together with LUMO and Oost NL,” says Alex Tavassoli, CEO and founder. “This investment will allow us to expand on the societal topics we address and the global reach of our content. We will now be able to reach and empower more people and organisations, ultimately touching more lives and achieving more positive change.”
Enliven: What you need to know
Founded in 2015 by Alex Tavassoli, an Iranian refugee who arrived in the Netherlands, Enliven uses Virtual Reality (VR) for a social cause. The company claims that its virtual experiences increase empathic capacity, provide more understanding, and strengthen connections with others.