# Lumec Control Products

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/lumec-control-products

- Industry: Industrial Machinery
- Headquarters: Peoria, US
- Website: www.irisvalve.com
- Latest round: Series A (Jan 7, 2014)
- Investors on record: 1

## About

Lumec Control Products specializes in manufacturing pressure control valves for liquid and gas applications, ensuring system integrity and safety across diverse industrial sectors.Lumec Control Products, founded in 2008 in Peoria, US, focuses on the manufacture of pressure control valves. The company has completed 7 deals, with its latest being a Venture Debt round amounting to USD 0.230 mn raised in December 2014. There are no known subsidiaries or parent companies tied to Lumec Control Products.The company specializes in the manufacture and distribution of pressure control valves designed for both liquid and gas applications. These valves are engineered to regulate and maintain pressure within various systems, ensuring optimal performance and safety in diverse industrial settings. The core functionality of these products revolves around preventing overpressure scenarios, safeguarding equipment and processes across sectors such as oil and gas, chemical processing, and water treatment. The company serves a varied clientele, including major industrial firms and specialized manufacturers, with a significant focus on regions such as North America, Europe, and Asia-Pacific. The release of these products has been strategically aligned with industry needs, allowing the firm to address critical challenges faced by their customers in maintaining system integrity and operational efficiency.The revenue model of the company is structured around direct sales to B2B clients, focusing on long-term partnerships and contractual agreements that ensure consistent supply of their pressure control valves. Transactions typically involve bulk orders where clients commit to purchasing a set quantity over a specified period, fostering reliability and stability in revenue flow. The pricing structure reflects the complexity and customization of the products, with flagship offerings commanding premium pricing due to advanced features and performance capabilities. Clients often engage in ongoing support agreements, enhancing customer loyalty and contributing to recurring revenue through maintenance and service contracts associated with the valves. Overall, the company's revenue generation strategies are designed to sustain growth while catering to the evolving needs of its industrial clientele.In December 2014, Lumec Control Products raised USD 0.225 million of debt funding, which will be utilized to support the development of new pressure control valve products aimed at enhancing efficiency in industrial applications. The company is strategically targeting expansion into markets in Europe and Asia-Pacific by 2025, leveraging this recent funding to bolster its production capabilities and market presence.

## Funding rounds

- Series A, Jan 7, 2014 — Serra Ventures

## Investors

- Serra Ventures (https://capitalatlas.ai/funds/serra-ventures) — Series A