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Insights.
Short, practical perspectives on capital, strategy and performance.


The Inflection Point Problem: Why Many Companies Struggle Between €5M and €30M Revenue
The most difficult stage of growth The early stages of building a company are often defined by experimentation. But once a company reaches €5M–€30M in revenue , the challenges become different. At this stage, companies must transition from entrepreneurial execution to structured organisation. Why Scaling Becomes Difficult European scale-ups often face challenges including: access to growth capital leadership transitions operational complexity international expansion barriers
Lumina Partners
Apr 71 min read


When Growing Starts Hurting: Scaling Challenges for European Scaleups
Growth feels like success until friction slows decisions, cash visibility, and teams. Insights on growth scaling challenges across Europe for founders navigating expansion.
Lumina Partners
Jan 113 min read
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