# Lumary

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

- Industry: Software
- Headquarters: Adelaide, Australia
- Website: www.lumary.com
- Total disclosed funding: $1.4M
- Latest round: Series A (May 31, 2019)
- Investors on record: 1

## About

Lumary Pty Ltd is an Australian company that specializes in software solutions for disability, aged care, and allied health sectors, providing comprehensive care management platforms to enhance operational efficiencies.Established in 2009 in Adelaide, Australia, Lumary Pty Ltd focuses on developing innovative software tailored for healthcare providers. The company is led by CEO Joseph Mercorella, who has a history of entrepreneurial ventures in the technology sector. Lumary has successfully raised AUD 10.35 mn in its latest funding round on March 22, 2023, with investments from notable firms including Microequities Asset Management and Salesforce Ventures. To date, the company has completed a total of 4 funding deals, raising AUD 10.35 mn in total with a current valuation of AUD 119.046 mn.Lumary offers a comprehensive suite of software solutions designed specifically for disability, aged care, and allied health providers. Its flagship product, Lumary Care Management, serves as an end-to-end care management platform, enabling organizations to integrate their data into a secure system while streamlining workflows. Key features include real-time access to client information, automated compliance processes, and simplified invoicing, which collectively facilitate efficient service delivery and enhance care outcomes. The platform is utilized by over 200 providers across Australia, supporting approximately 500,000 care recipients and 80,000 healthcare workers. Lumary's solutions cater not only to Australian markets but also extend to international clients, with a particular focus on integrating with local regulatory frameworks and funding bodies such as the NDIS, HCP, and CHSP.Lumary generates revenue primarily through a subscription-based model, offering its software services to both enterprise and small to medium-sized enterprises (SMEs) within the healthcare sector. Clients typically enter into partnership agreements that allow for tailored software configurations to meet specific organizational needs. Revenue is derived from these subscription fees, which provide continuous access to Lumary's technological solutions, including the automation of compliance and bulk claiming processes. The platform is designed to enhance operational efficiencies for providers, ensuring they can focus on delivering high-quality care. Transactions occur regularly as clients manage ongoing services for care recipients, facilitating a steady revenue stream for Lumary through its established client base.In March 2023, Lumary Pty Ltd raised AUD 10.35 mn in funding to support its future growth initiatives. The company plans to launch new product features aimed at enhancing user experience and operational capabilities for its clients. Additionally, Lumary is targeting expansion into international markets, with efforts focused on entering regions with growing healthcare needs by 2024. The recent funding will be utilized to develop these new products and support market entry strategies.

## Funding rounds

- Series A, May 31, 2019, $1.4M — EVP

## Investors

- EVP (https://capitalatlas.ai/funds/evp) — Series A