What is Lumavate?
Lumavate positions itself as a leading no-code mobile app platform, empowering marketers to rapidly develop and deploy mobile applications without requiring traditional coding expertise. The company's solution delivers applications as Progressive Web Apps (PWAs), ensuring broad accessibility and ease of use. Lumavate's client roster includes notable organizations such as Roche, Trinchero Family Estates, Cummins, Wheaton Van Lines, and Delta Faucet, highlighting its adoption across various industries seeking efficient app development solutions.
How much funding has Lumavate raised?
Lumavate has raised a total of $18M across 10 funding rounds:
Unspecified
$1M
Unspecified
$1M
Angel/Seed
$2M
Other Financing Round
$2.5M
Other Financing Round
$3M
Debt
$350K
Debt
$407K
Unspecified
$6M
Unspecified (2016): $1M, investors not publicly disclosed
Unspecified (2017): $1M, investors not publicly disclosed
Angel/Seed (2017): $2M backed by Don Brown, Allos Ventures, Elevate Ventures, Collina Ventures, and 4G Ventures
Other Financing Round (2018): $2.5M with participation from Don Brown, Collina Ventures, Allos Ventures, 4G Ventures, Elevate Ventures, and Jupiter Peak Capital
Other Financing Round (2019): $3M led by BioCrossroads, Elevate Ventures, Collina Ventures, and 4G Ventures
Debt (2020): $350K supported by PPP
Debt (2021): $407K featuring PPP
Unspecified (2022): $6M backed by Collina Ventures, 4G Ventures, PBJ Capital, BioCrossroads, Gutbrain Ventures, and Allos Ventures
Key Investors in Lumavate
BioCrossroads
BioCrossroads is an organization focused on catalyzing Indiana's life sciences industry, supporting startups and fostering innovation. Their involvement suggests a strategic interest in technology ventures that can drive growth and development within the region.
Elevate Ventures
Elevate Ventures is an Indiana-based investment firm that backs innovation-driven companies at early stages, providing both capital and guidance to entrepreneurs. Their participation highlights a commitment to fostering regional technological advancement.
Collina Ventures
Collina Ventures focuses on technology companies within Central Indiana, aiming to support entrepreneurs through mentorship and investment. Their backing of Lumavate indicates a belief in the company's potential within the tech sector.
What's next for Lumavate?
The substantial enterprise-level funding and recent strategic investment indicate Lumavate is poised for significant scaling and innovation. This capital will likely fuel advancements in its no-code platform, enhancing its capabilities and expanding its reach to a broader market of marketers and businesses. Future developments may include deeper integrations, advanced customization options, and further penetration into enterprise markets, solidifying its position as a key player in the low-code/no-code application development space.
See full Lumavate company page
