# Lumos Labs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/lumos-labs

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.lumosity.com
- Total disclosed funding: $68M
- Latest round: Series D (Aug 22, 2012)
- Investors on record: 5

## About

Lumos Labs, Inc. specializes in cognitive training products aimed at enhancing mental skills through engaging games. Their innovative platform supports a wide user base seeking to improve cognitive function and brain health.Lumos Labs, Inc. provides a cognitive training platform that offers games designed to enhance mental capabilities. Founded in 2005 and headquartered in San Francisco, US, the company raised USD 31.50 mn in its Series D funding round on November 1, 2014, led by Discovery Communications, contributing to a total amount raised of USD 31.50 mn and a current valuation of USD 265.26 mn. Founders include Dave Drescher, Michael Scanlon, and Ying Hua, with Bob Schafer and Krishna Kakarala currently serving as CEOs.Lumosity offers a suite of cognitive training products designed to enhance various mental skills such as memory, attention, and problem-solving abilities. The core of Lumosity's offerings is its web-based platform and mobile application, which house a variety of games tailored to stimulate cognitive functions. Each game employs scientifically-backed methodologies to address specific cognitive challenges, making them popular among a diverse user base that includes students, professionals, and older adults seeking to maintain mental agility. Since its launch, Lumosity has served millions of users worldwide, with significant market penetration in North America, Europe, and parts of Asia.Lumosity generates revenue primarily through subscription-based models, allowing users access to its premium content and features. Clients typically engage with the platform on a monthly or annual basis, with the pricing structure designed to encourage long-term engagement. The company offers various subscription tiers, providing flexibility for both individual users and educational institutions or corporate partners seeking to implement cognitive training programs for their employees. This direct-to-consumer approach has established a solid customer base, while partnerships with organizations further enhance their outreach and revenue potential. Lumosity's flagship services include access to its extensive library of brain games, which are integral to its value proposition and overall revenue generation strategy.In November 2014, Lumos Labs, Inc. raised venture funding from Founders Circle Capital, which is anticipated to support future product development and market expansion initiatives. The company is exploring new cognitive training products aimed at enhancing user engagement and effectiveness, although specific launch dates have yet to be announced. Additionally, Lumosity plans to expand its reach into new geographic markets, focusing on regions across Asia and Europe by the end of 2016.

## Funding rounds

- Series D, Aug 22, 2012, $32M — Menlo Ventures, Norwest Venture Partners, FirstMark Capital, Discovery Communications, Harrison Metal
- Series C, Jun 16, 2011, $33M — Menlo Ventures, Norwest Venture Partners, FirstMark Capital, Harrison Metal
- Series B, May 22, 2008, $3.1M — Norwest Venture Partners, FirstMark Capital, Harrison Metal
- Angel, Jun 11, 2007, $0.4M — Harrison Metal
- Series A, Oct 20, 2006, $0.4M — Harrison Metal

## Investors

- Harrison Metal (https://capitalatlas.ai/funds/harrison-metal) — Series A, Angel, Series B, Series C, Series D
- Norwest Venture Partners (https://capitalatlas.ai/funds/norwest-venture-partners) — Series B, Series C, Series D
- FirstMark Capital (https://capitalatlas.ai/funds/firstmark-capital) — Series B, Series C, Series D
- Menlo Ventures (https://capitalatlas.ai/funds/menlo-ventures) — Series C, Series D
- Discovery Communications — Series D