# Lumi

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/lumi-2

- Industry: Software
- Headquarters: Vernon, US
- Website: www.lumi.com
- Total disclosed funding: $9.1M
- Latest round: Series A (Feb 14, 2018)
- Investors on record: 7

## About

Lumi Inc. specializes in offering a suite of innovative cloud-based solutions aimed at optimizing digital communications, project management, and workflow automation across various industries.Founded in 2015, Lumi Inc. is headquartered in Vernon, US. The company delivers cloud-based tools that enhance efficiency in digital operations. Co-founded by Cristian Sánchez, Ezra Magno, and others, it has raised a total of USD 9.00 mn in funding across multiple rounds, with the latest being a Series A round in December 2021. The funding was led by investors including Forerunner Ventures, Homebrew, and Spark Capital. The company was recently acquired by Narvar, Inc., which aims to bolster its online and offline business operations.Lumi provides a comprehensive suite of innovative solutions designed to enhance the efficiency and effectiveness of digital communications and operations. Their core offerings include a range of cloud-based tools aimed at optimizing project management, collaboration, and workflow automation. These products are specifically tailored to meet the needs of various industries, such as marketing, technology, and education, facilitating seamless interaction among teams and stakeholders. Lumi’s services are designed to streamline processes, improve productivity, and enhance user engagement through intuitive interfaces and integration capabilities. The company primarily serves clients in North America and Europe, providing tailored solutions to businesses of all sizes, from startups to established enterprises, enabling them to achieve their operational goals more effectively.Lumi generates revenue through a subscription-based model, offering tiered pricing plans that cater to different levels of user needs and organizational sizes. Clients engage with Lumi's services via direct-to-consumer transactions, often beginning with a trial period that allows potential users to evaluate the functionality and benefits of the platform. Following the trial, clients may select from various subscription tiers, each providing access to different features and support levels. This transactional structure is designed to foster long-term relationships, with clients often upgrading their plans as their operational demands evolve. Lumi’s flagship products, recognized for their unique capabilities in project management and collaboration, form the backbone of its revenue-generating activities, contributing to a stable and recurring income stream.With the acquisition by Narvar, Inc. finalized in December 2021, Lumi Inc. plans to leverage its resources to expand its product offerings and market reach. The company aims to introduce new cloud tools designed for enhanced user collaboration and project management by mid-2023. Additionally, Lumi intends to penetrate the Asian market, targeting expansion efforts in regions such as Southeast Asia by late 2023. The recent funding acquisition will be utilized to support these initiatives, enhancing product development and market presence.

## Funding rounds

- Series A, Feb 14, 2018, $9M — Spark Capital, Forerunner Ventures, Homebrew
- Seed, Jun 19, 2015 — Lowercase Capital, Ludlow Ventures, Y Combinator, Slow
- Seed, May 11, 2015, $0.1M — Y Combinator

## Investors

- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed
- Lowercase Capital (https://capitalatlas.ai/funds/lowercase-capital) — Seed
- Ludlow Ventures (https://capitalatlas.ai/funds/ludlow-ventures) — Seed
- Slow (https://capitalatlas.ai/funds/slow) — Seed
- Spark Capital — Series A
- Forerunner Ventures (https://capitalatlas.ai/funds/forerunner-ventures) — Series A
- Homebrew (https://capitalatlas.ai/funds/homebrew) — Series A