What is Luminous Group?
Luminous Group specializes in cross-reality (XR) solutions, leveraging advanced 3D imaging and mixed reality technologies. Based in the North East of England, the company collaborates with leading blue-chip clients to enhance training, operations, and maintenance within complex business environments. Their expertise aims to drive better outcomes, achieve greater efficiency, and unlock unprecedented capabilities for their clientele.
How much funding has Luminous Group raised?
Luminous Group has raised a total of $1.7M across 2 funding rounds:
Other Financing Round
$495K
Other Financing Round
$1.2M
Other Financing Round (2019): $495K with participation from North East Venture Fund
Other Financing Round (2023): $1.2M led by The European Regional Development Fund
Key Investors in Luminous Group
The European Regional Development Fund
The European Regional Development Fund (ERDF) is a key EU initiative focused on stimulating economic development in less prosperous regions, particularly in the Northwest of England. It provides substantial funding to support job creation and economic improvement through various operational programs.
North East Venture Fund
The North East Venture Fund is a financial entity dedicated to supporting businesses within the North East region, likely focusing on growth-stage companies with strong potential for economic impact.
What's next for Luminous Group?
The recent major enterprise-level funding indicates a strategic push for Luminous Group to scale its operations and further develop its XR technologies. This capital infusion is likely to fuel expansion into new markets, enhance research and development efforts, and solidify its partnerships with major industry players. The company is poised to capitalize on the growing demand for immersive and interactive technological solutions.
See full Luminous Group company page
