# Lumanu

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/lumanu

- Industry: Software
- Headquarters: Oakland, US
- Website: www.lumanu.com
- Total disclosed funding: $15M
- Latest round: Series A (Jul 21, 2021)
- Investors on record: 9

## About

Lumanu, Inc. is a financial technology company that enhances vendor management and compliance for marketing and finance teams through its automated payment platform, streamlining complex vendor processes efficiently.Founded in 2016, Lumanu, Inc. is based in Oakland, US, and specializes in facilitating vendor payments and compliance. The company has completed 5 deals, with its most recent funding round being a Series A of USD 12.000 mn raised on July 21, 2021, led by Origin Ventures and with participation from 500 Global and Alumni Ventures Group. The founders, Paul Johnson and Tony Tran, established the company to address the inefficiencies in vendor management.Lumanu’s core product offering centers around an innovative financial technology platform designed to streamline vendor payments, onboarding, and compliance for marketing teams and finance departments. The platform provides automated workflows that simplify the complex processes associated with vendor management, allowing businesses to efficiently onboard suppliers, manage payments, and ensure tax compliance. With features such as one-click vendor invites, automated invoicing, and consolidated reporting, Lumanu caters to a diverse clientele that includes global brands and agencies across various industries, including consumer packaged goods (CPG), fashion, beauty, and food and beverage. The company's services extend to markets worldwide, with a robust network that supports payments in multiple currencies, facilitating transactions across countries such as the United States, the United Kingdom, Canada, Australia, and various European nations.Lumanu generates revenue through a flexible pricing model that includes pay-per-project options and annual flat-rate plans, enabling clients to choose the structure that best suits their operational needs. The platform serves a wide range of customers by acting as a master vendor, handling payments directly to vendors while offering enterprise-grade financial controls and compliance tools. Clients typically engage Lumanu by onboarding their vendors through the platform, which simplifies the payment process and reduces administrative burdens associated with manual setups. By leveraging Lumanu’s services, brands can efficiently manage their vendor relationships, allowing them to focus on core business activities while benefiting from a transparent and streamlined payment experience.In July 2021, Lumanu, Inc. raised USD 12.000 mn in Series A funding led by Origin Ventures, which will be utilized to expand the company's business reach. The firm is focusing on developing new products and enhancing its platform capabilities. Plans for the upcoming period include expanding into new markets to increase its global footprint, with specific regions targeted for expansion yet to be disclosed.

## Funding rounds

- Series A, Jul 21, 2021, $12M — 500 Global, Origin Ventures, Alumni Ventures Group, Gaingels
- Seed, Mar 8, 2019, $1.8M — Northwestern Mutual Capital, Johnsonville, LLC
- Seed, Apr 3, 2018, $1M — 500 Global, Right Side Capital Management, gener8tor, Cream City Venture Capital

## Investors

- 500 Global (https://capitalatlas.ai/funds/500-global) — Seed, Series A
- Right Side Capital Management (https://capitalatlas.ai/funds/right-side-capital-management) — Seed
- gener8tor (https://capitalatlas.ai/funds/gener8tor) — Seed
- Cream City Venture Capital (https://capitalatlas.ai/funds/cream-city-venture-capital) — Seed
- Northwestern Mutual Capital (https://capitalatlas.ai/funds/northwestern-mutual-capital) — Seed
- Johnsonville, LLC — Seed
- Origin Ventures (https://capitalatlas.ai/funds/origin-ventures) — Series A
- Alumni Ventures Group (https://capitalatlas.ai/funds/alumni-ventures-group) — Series A
- Gaingels (https://capitalatlas.ai/funds/gaingels) — Series A