# Lumachain Operations

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/lumachain-operations-pty

- Industry: Software
- Headquarters: Sydney, Australia
- Website: www.lumachain.io
- Total disclosed funding: $22M
- Latest round: Series A (Jun 2, 2022)
- Investors on record: 4

## About

Lumachain Operations Pty Ltd, based in Australia, provides innovative solutions aimed at transforming the food supply chain with a focus on safety, quality, efficiency, and traceability.Lumachain Operations Pty Ltd was founded in 2018 in Sydney, Australia, specializing in food supply chain optimization. The company was established by Jamila Gordon, who has a background in technology and previously founded other ventures. Lumachain has completed a total of 3 deals, with its most recent funding round being a Series A on October 15, 2024, where it raised AUD 27.913 mn led by Bessemer Venture Partners. The total amount raised by the company stands at AUD 27.913 mn, with a current valuation of AUD 126.296 mn.Lumachain offers a comprehensive suite of solutions aimed at revolutionizing the food supply chain, emphasizing safety, yield, quality, efficiency, and traceability. The company utilizes artificial intelligence to deliver real-time insights, enabling businesses in primary and secondary processing plants to optimize their operations for various protein sources, including beef, chicken, lamb, and pork. Their technology promotes ethical and sustainable food production, targeting clients in the food processing industry, including major manufacturers and processors, with deployments across North America, Europe, Asia, and Australia.Lumachain operates primarily on a B2B model, generating revenue through subscription-based services that foster ongoing partnerships with clients. Their AI-driven technology solutions are provided through tiered subscription plans designed to meet specific client needs in the food production sector. Revenue is derived from contracts that cover both the initial technology implementation and ongoing service fees for updates and support, ensuring optimal operational standards. Key offerings include their AI training systems and traceability solutions, essential for clients aiming to enhance production processes and comply with regulatory requirements.In October 2024, Lumachain Operations Pty Ltd secured additional venture funding from Chipotle Mexican Grill, Inc. to support its next phase of growth in the food sector. The company plans to advance its product offerings and expand into new geographic markets. Specific details on upcoming product launches or dates have not been disclosed. The recent funding will be utilized to enhance their capabilities and support ongoing expansion efforts in the food industry.

## Funding rounds

- Series A, Jun 2, 2022, $20M — Bessemer Venture Partners, Main Sequence Ventures, OSI Group, LLC, Andrews Bros Trading Company Pty Ltd
- Seed, Jun 28, 2019, $2.5M — Main Sequence Ventures, Andrews Bros Trading Company Pty Ltd

## Investors

- Main Sequence Ventures (https://capitalatlas.ai/funds/main-sequence-ventures) — Seed, Series A
- Andrews Bros Trading Company Pty Ltd — Seed, Series A
- Bessemer Venture Partners (https://capitalatlas.ai/funds/bessemer-venture-partners) — Series A
- OSI Group, LLC — Series A