About Lumend
Lumend is a company based in Redwood City (United States) founded in 1996 by Matt Selmon and John Simpson was acquired by Cordis in September 2005.. Lumend has raised $30.05 million across 4 funding rounds from investors including Cordis, CHL Medical Partners and Morgenthaler. Lumend operates in a competitive market with competitors including Cardiovascular Systems, Contego Medical, AngioScore, Echopoint Medical and Shape Memory Medical, among others.
- Headquarter Redwood City, United States
- Founders Matt Selmon, John Simpson
-
Sectors
Healthcare
-
Phone
*********
-
Website
*********
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Funding Insights of Lumend
Lumend has successfully raised a total of $30.05M across 4 strategic funding rounds. The most recent funding activity was a Series D round of $2 million completed in August 2005. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series D — $2.0M
-
First Round
First Round
(09 Jan 2003)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2005 | Amount | Series D - Lumend | Valuation |
investors |
|
| Jun, 2005 | Amount | Series D - Lumend | Valuation |
investors |
|
| Feb, 2005 | Amount | Series D - Lumend | Valuation |
investors |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Lumend
Lumend has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include Cordis, CHL Medical Partners and Morgenthaler. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Early stage healthcare services investments are facilitated by CHL.
|
Founded Year | Domain | Location | |
|
Venture capital and private equity investment firm
|
Founded Year | Domain | Location | |
|
-
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Lumend
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Lumend
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Lumend Comparisons
Competitors of Lumend
Lumend operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Cardiovascular Systems, Contego Medical, AngioScore, Echopoint Medical and Shape Memory Medical, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Devices for treating peripheral and coronary vascular disease are developed.
|
|
| domain | founded_year | HQ Location |
Provider of vascular stenting with embolic protection for both coronary and peripheral vasculature
|
|
| domain | founded_year | HQ Location |
Scoring balloon catheters for coronary and peripheral angioplasty are developed.
|
|
| domain | founded_year | HQ Location |
Smart devices for monitoring coronary artery disease are developed.
|
|
| domain | founded_year | HQ Location |
Embolization devices are developed using Shape Memory Polymer foams.
|
|
| domain | founded_year | HQ Location |
Developer a system for venous arterialization of the lower limbs
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Lumend
Frequently Asked Questions about Lumend
When was Lumend founded?
Lumend was founded in 1996 and raised its 1st funding round 7 years after it was founded.
Where is Lumend located?
Lumend is headquartered in Redwood City, United States. It is registered at Redwood City, California, United States.
Is Lumend a funded company?
Lumend is a funded company, having raised a total of $30.05M across 4 funding rounds to date. The company's 1st funding round was a Series D of $2M, raised on Jan 09, 2003.
What does Lumend do?
Lumend was founded in 1996 in Redwood City, United States, focusing on medical devices in the cardiovascular sector. Catheter-based technologies are produced and developed to address chronic occlusions in coronary and peripheral artery disease. Devices that aid guide wire placement during invasive procedures, including angioplasty and stenting, are marketed to interventional cardiologists, radiologists, and vascular surgeons. The company was acquired by Cordis in 2005.
Who are the top competitors of Lumend?
Lumend's top competitors include Contego Medical, Limflow and Shape Memory Medical.
Who are Lumend's investors?
Lumend has 7 investors. Key investors include Cordis, CHL Medical Partners, Morgenthaler, De Novo Ventures, and ABS Ventures.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.