# Lumavate

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

- Industry: Software
- Headquarters: Carmel, US
- Website: www.lumavate.com
- Total disclosed funding: $11M
- Latest round: Seed (Jan 31, 2022)
- Investors on record: 8

## About

Lumavate, LLC is a technology company that provides a platform for businesses to easily create and manage mobile applications, focusing on enhancing customer engagement and operational efficiency across various industries.Founded in 2015 in Carmel, US, Lumavate, LLC specializes in mobile application solutions without the need for extensive coding. The company has successfully raised a total of USD 6.00 mn in Seed funding, co-led by investors such as Gutbrain Ventures and PBJ Capital. With a current valuation of USD 15.145 mn, Lumavate has completed a total of 8 deals, with the most recent funding round occurring on January 31, 2022. The CEO, Mark Hill, has been instrumental in guiding the company through its growth trajectory.Lumavate specializes in providing a robust platform that empowers businesses to create, manage, and optimize mobile applications without requiring extensive coding knowledge. Their core offerings focus on enabling companies to develop Progressive Web Apps (PWAs) that deliver a seamless user experience across various devices. Lumavate's platform caters primarily to industries such as retail, manufacturing, and healthcare, helping them address challenges related to customer engagement, operational efficiency, and digital transformation. The company’s solutions are designed for a diverse client base, including both large enterprises and small-to-medium businesses, allowing them to enhance their digital presence and improve customer interactions. Lumavate's products are marketed primarily in the United States, but they also serve clients in select international markets, positioning themselves to tap into a global demand for innovative mobile solutions.Lumavate generates revenue through a subscription-based model, offering clients various pricing tiers based on the features and functionalities required for their mobile platform needs. The transaction structure typically involves direct engagements with businesses looking to implement mobile strategies, with clients subscribing to annual plans that provide access to the platform and its ongoing updates. Their flagship service, which focuses on the creation of Progressive Web Apps, includes a range of customizable options to cater to different business requirements. Additional revenue may be derived from partnerships that enhance the overall value proposition of their product offerings, allowing Lumavate to maintain a steady revenue stream while fostering long-term relationships with their clients.In January 2022, Lumavate, LLC raised USD 6.00 mn in Seed funding to support scaling its go-to-market team and continued platform innovation. The company plans to use these funds to enhance its platform, enabling businesses to design, build, and deploy mobile apps faster without requiring development resources. Lumavate is focused on expanding its offerings and aims to target new markets, with specific plans to enhance its presence in international markets by 2023.

## Funding rounds

- Seed, Jan 31, 2022, $6M — BioCrossroads, Allos Ventures, 4G Ventures, Collina Ventures, Gutbrain Ventures, PBJ Capital
- Seed, Mar 13, 2018, $2.5M — Allos Ventures, Elevate Ventures, 4G Ventures, Collina Ventures, Jupiter Peak
- Seed, Feb 24, 2017, $2M — Allos Ventures, Elevate Ventures, 4G Ventures, Collina Ventures

## Investors

- Allos Ventures (https://capitalatlas.ai/funds/allos-ventures) — Seed
- Elevate Ventures (https://capitalatlas.ai/funds/elevate-ventures) — Seed
- 4G Ventures (https://capitalatlas.ai/funds/4g-ventures) — Seed
- Collina Ventures (https://capitalatlas.ai/funds/collina-ventures) — Seed
- Jupiter Peak (https://capitalatlas.ai/funds/jupiter-peak) — Seed
- BioCrossroads (https://capitalatlas.ai/funds/biocrossroads) — Seed
- Gutbrain Ventures (https://capitalatlas.ai/funds/gutbrain-ventures) — Seed
- PBJ Capital (https://capitalatlas.ai/funds/pbj-capital) — Seed