What is Lumi?
Lumi is dedicated to supporting small businesses through periods of economic uncertainty. The company's commitment is particularly evident in its outreach to existing customers facing hardship due to COVID-19, offering a dedicated hardship form for assistance. This focus positions Lumi as a crucial partner for the small business ecosystem, providing essential resources and support during challenging times.
How much funding has Lumi raised?
Lumi has raised a total of $41.7M across 4 funding rounds:
Series A
$6.5M
Unspecified
$8M
Unspecified
$20M
Unspecified
$7.2M
Series A (2018): $6.5M with participation from Josh Liberman Investment Group and FollowTheSeed
Unspecified (2019): $8M, investors not publicly disclosed
Unspecified (2021): $20M supported by Josh Liberman Investment Group and Perennial Partners
Unspecified (2022): $7.2M featuring Arbel Fund and Perennial Partners
Key Investors in Lumi
Arbel Fund
Arbel Fund is an investor participating in the funding round.
Perennial Partners
Lucy Hardiman & Perennial Partners are a dynamic garden design collaborative rooted in an obsession with gardens, a passion for plants, people, and innovative hardscape design, founded by Lucy Hardiman, a garden designer in her own right as well as a popular speaker and published author.
FollowTheSeed
FollowTheSeed is a global data-driven venture capital firm focused on innovative and disruptive technologies in the Blockchain and Web 3.0 space. They work with large enterprises and Fortune 500 companies to identify pain points that can be addressed through technology, while also supporting post-seed startups with a behavioral psychology-backed SDK to analyze user behavior.
What's next for Lumi?
The substantial enterprise-level funding Lumi has garnered, particularly the recent strategic investment, signals a strong confidence from its backers in the company's mission and future growth potential. This capital infusion is likely to fuel further development of its support services, expansion into new markets, and enhancement of its technological infrastructure. The company's strategic financing indicates a phase of scaling operations and solidifying its market presence, aiming to broaden its impact on small businesses.
See full Lumi company page
