# Luminovo

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

- Industry: Software
- Headquarters: Germany
- Website: www.luminovo.ai
- Total disclosed funding: $13M
- Latest round: Seed (Aug 18, 2022)
- Investors on record: 6

## About

Luminovo GmbH, based in Germany, specializes in developing software solutions that enhance supply chain management for the electronics industry, integrating procurement, engineering, and manufacturing processes.Founded in 2017 in Germany, Luminovo GmbH provides an innovative software platform for supply chain management in the electronics sector. The company has completed 3 funding deals, with its latest being a Seed round on August 18, 2022, during which it raised EUR 11 million, led by Chalfen Ventures and supported by other investors including Tencent Holdings Limited and Cherry Ventures. Sebastian Schaal and Timon Ruban are the founders of the company.Luminovo offers a comprehensive software platform designed specifically for supply chain management in the electronics industry. The platform integrates functionalities that streamline procurement, engineering, and manufacturing processes, serving as a central hub for real-time data sharing and collaboration. Key features include an AI-driven bill of materials (BOM) management tool, a configure-price-quote (CPQ) solution, and advanced sourcing capabilities, aimed at reducing quoting times and improving accuracy. The platform currently serves over 200 customers globally, primarily original equipment manufacturers (OEMs) and electronic manufacturing services (EMS) providers, across North America, Europe, and Asia-Pacific markets.Luminovo's revenue model is based on subscription pricing for its software services, targeting B2B clients in the electronics sector. Clients typically engage in annual contracts that grant access to the full suite of platform tools and integrations. This structure allows companies to automate their BOM processing and leverage instant quoting capabilities, enhancing operational efficiency. Ongoing support and updates are included, ensuring users benefit continually from new features. Pricing plans are customized based on the specific services required by the client.In August 2022, Luminovo GmbH secured EUR 11 million in Seed funding, led by Chalfen Ventures, to accelerate product development and expand its team. The company plans to release new features on its platform to enhance user capabilities and improve automation in supply chain processes. Additionally, Luminovo aims to expand its reach into new geographic markets, targeting growth in areas like North America and Asia-Pacific within the next two years, as part of its strategy to address the evolving needs of the electronics industry.

## Funding rounds

- Seed, Aug 18, 2022, $11M — Tencent Holdings Limited, Cherry Ventures, La Famiglia, Chalfen Ventures, Verve Ventures, Khadjavi Capital Partners
- Seed, Mar 24, 2020, $2.2M — Cherry Ventures, La Famiglia

## Investors

- Cherry Ventures (https://capitalatlas.ai/funds/cherry-ventures) — Seed
- La Famiglia (https://capitalatlas.ai/funds/la-famiglia) — Seed
- Tencent Holdings Limited — Seed
- Chalfen Ventures (https://capitalatlas.ai/funds/chalfen-ventures) — Seed
- Verve Ventures (https://capitalatlas.ai/funds/verve-ventures) — Seed
- Khadjavi Capital Partners — Seed