Lumo Analytics
Latest round
- Seed
Last raised
- Feb 2022
Total raised
- Undisclosed
Investors
- 1
About Lumo Analytics
Based in Helsinki, Finland, and founded in 2021 by CEO Antti Kotanen and CTO Lasse Kangas, Lumo Analytics Ltd operates as a technology company that focuses on developing a rising laser-based scanning and analysis technology for the mineral exploration and mining business. In December 2025, GeologicAI, a portfolio company of Breakthrough Energy Ventures, Export Development Canada, BHP Ventures, Blue Earth Capital, and Rio Tinto Group acquired Lumo Analytics Ltd from Midinvest Management. The company provides analytical equipment and associated services for geoscientists and metallurgists to determine the elemental and mineral composition of rock samples. The technology allows geoscientists and metallurgists to explore ore in terms of mining and mineral processing. In addition, the firm offers online and near real-time analysis services for the mineral exploration and mining industry. Lumo Analytics Ltd generates revenue through sales of its LIBS-based drill-core scanning hardware, geological data analytics and mineralogical analysis services, and SaaS-driven geochemical insight solutions, supporting mining clients with real-time, high-resolution elemental and mineralogical data for exploration and operational optimization. In December 2025, GeologicAI, a portfolio company of Breakthrough Energy Ventures, Export Development Canada, BHP Ventures, Blue Earth Capital, and Rio Tinto Group acquired Lumo Analytics Ltd from Midinvest Management. The acquisition strengthens Lumo Analytics Ltd by expanding its LIBS technology into GeologicAI’s multi-sensor platform, enhancing product development, market reach, and customer value through integrated, real-time geological insights.
Who invested in Lumo Analytics
1 investor across 1 round
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Funding rounds
Seed
Feb 27, 2022
Amount
Undisclosed
Investors
Questions about Lumo Analytics
Who invested in Lumo Analytics?
Lumo Analytics has 1 investor on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Lumo Analytics raised?
Lumo Analytics has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Lumo Analytics last raise money?
Lumo Analytics's most recent round on record is a Seed, in Feb 2022.
What does Lumo Analytics do?
Based in Helsinki, Finland, and founded in 2021 by CEO Antti Kotanen and CTO Lasse Kangas, Lumo Analytics Ltd operates as a technology company that focuses on developing a rising laser-based scanning and analysis technology for the mineral exploration and mining business.
Where is Lumo Analytics headquartered?
Lumo Analytics is headquartered in Helsinki, Finland.
Which VCs invest in companies like Lumo Analytics?
Among active investors with capital left to deploy, Index Ventures, Forbion, European Investment Bank and Balderton Capital back industrial machinery companies at Lumo Analytics's stage. Their profiles are linked below.
VCs backing industrial machinery startups at Seed
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