Lumia Capital looks for more money to back international tech businesses

Lumia Capital, a VC investor focused on expanding technology businesses in international markets, is back with a new fundraise.

The firm, which invests in businesses areas including fintech, business cloud and mobile technologies, focuses investment on markets it says are underserved by investors relative to their potential for breakout success, chiefly Latin America, the Middle East and Europe.

Lumia had raised at least $52.5m for its debut fundraise in 2015, although it is unclear on how much it eventually closed that vehicle.

The firm has also previously filed to raise a venture capital vehicle called Lumia Capital Constellation Fund, although it had registered no capital in its most recent SEC filing in 2015.

No target is given for the latest vehicle, Lumia Capital Fund II, in its own US securities filing.

The firm states that it expects to complete the raise within the next 12 months.

As well as targeting international startups, Lumia also looks to help US companies extend themselves outside of the country, focusing on product-driven companies with global applicability and ambition.

It primarily looks to make initial investments of between $3m and $30m-plus, across both primary and secondary transactions.

Investments from the firm to date include small business credit provider Kabbage, network threat detection company Anomali and body-monitoring 3D fitness tracker Naked.

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