# Lumir

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

- Industry: Aerospace
- Headquarters: Yongin, South Korea
- Website: www.lumir-inc.com
- Total disclosed funding: $32M
- Latest round: Series C (Jul 8, 2023)
- Investors on record: 11

## About

Founded in 2009 by Nam Myung-yong (CEO), and based in Yongin, South Korea, Lumir Inc. operates as a manufacturer of systems and equipment used in the space industry, such as satellite payloads, image radar control devices, and ground test devices. In October 2024, Lumir Inc. raised KRW 28.8 billion in an IPO, selling 2.4 million shares at KRW 12,000 apiece, below the expected KRW 16,500-20,500 price range on the KOSDAQ.

The firm manufactures satellites ranging from satellite onboard equipment to satellite system development and information service including small SAR (synthetic aperture radar) satellites, satellite onboard equipment, electric ground support equipment (EGSE), SAR data and image processor (SARDIP), and small SAR units.

Lumir Inc. plans to utilize the funds raised in the October 2024 IPO to construct a new building that will house a research institute facility and support operations of its LumirX satellite.

## Funding rounds

- Series C, Jul 8, 2023, $15M — Industrial Bank of Korea, Yuanta Investment, Cornerstone Investment Partners, Korea Venture Investment Corporation
- Series C, Dec 17, 2022, $7.8M — HB Investment, NH Hedge Asset Management, We Venture Partners
- Series B, Oct 29, 2021, $6M — Kolon Investment, Company K Partners, NH Investment & Securities
- Series A, Sep 13, 2018, $3.1M — InterVest, Company K Partners

## Investors

- InterVest (https://capitalatlas.ai/funds/intervest) — Series A
- Company K Partners (https://capitalatlas.ai/funds/company-k-partners) — Series A, Series B
- Kolon Investment (https://capitalatlas.ai/funds/kolon-investment) — Series B
- NH Investment & Securities (https://capitalatlas.ai/funds/nh-investment-securities) — Series B
- HB Investment (https://capitalatlas.ai/funds/hb-investment) — Series C
- NH Hedge Asset Management — Series C
- We Venture Partners (https://capitalatlas.ai/funds/we-venture-partners) — Series C
- Industrial Bank of Korea — Series C
- Yuanta Investment (https://capitalatlas.ai/funds/yuanta-investment) — Series C
- Cornerstone Investment Partners (https://capitalatlas.ai/funds/cornerstone-investment-partners) — Series C
- Korea Venture Investment Corporation (https://capitalatlas.ai/funds/korea-venture-investment-corporation) — Series C