About Lumene
Lumene is a company based in Espoo (Finland) founded in 1970 was acquired by Verdane in September 2021. It operates as a Direct-to-Consumer (D2C), and Circular Economy. Lumene has completed 1 acquisition, including IDA WARG Beauty. Lumene offers products and services including CC Color Correcting Cream SPF20, Vegan Collagen Essence, and Dewy Glow Setting Spray. Lumene operates in a competitive market with competitors including L'Occitane, Johnson & Johnson, L'Oréal, Estee Lauder and HUL, among others.
- Headquarter Espoo, Finland
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Sectors
Consumer
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Phone
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Website
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Social
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- Legal Name Lumene Oy
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Employee Count
Employee Count
- Investments & Acquisitions
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Acquired by
Verdane
(Sep 15, 2021)
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Products & Services of Lumene
Lumene offers a comprehensive portfolio of products and services, including CC Color Correcting Cream SPF20, Vegan Collagen Essence, and Dewy Glow Setting Spray. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Color correcting cream with SPF20 for all skin types.
Vegan essence with collagen for all skin types.
Hydrating spray setting makeup with a dewy finish.
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Funding Insights of Lumene
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in Lumene
Lumene has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Verdane. 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 |
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Venture capital firm and funds of fund focused on technology-enabled and sustainable companies
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Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Lumene
Lumene has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include IDA WARG Beauty. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
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Multi-category natural beauty products are offered by an internet-first brand.
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2018 |
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OVO is recognized as a smart digital payment application.
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Lumene
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Lumene Comparisons
Competitors of Lumene
Lumene 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 L'Occitane, Johnson & Johnson, L'Oréal, Estee Lauder and HUL, 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 |
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Beauty and personal care products are sold by L'Occitane globally.
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Healthcare solutions are provided by Johnson & Johnson globally.
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Internet first brand of skin & hair care, and makeup products for men and women
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Luxury brand and manufacturer of beauty and personal care products and foundation focused on women-led development investments
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Fast-moving consumer goods, packaged foods, and consumer products are produced.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Lumene
Frequently Asked Questions about Lumene
When was Lumene founded?
Lumene was founded in 1970.
Where is Lumene located?
Lumene is headquartered in Espoo, Finland.
What does Lumene do?
Lumene is focused on the development and sale of skincare and makeup products inspired by Nordic beauty. The company operates within the personal care sector, offering a range of vegan and sustainably sourced products. Solutions include collections like Nordic-C, Nordic Hydra, and Invisible Illumination, addressing various skin concerns such as dehydration, dullness, and aging. Emphasis is placed on circular economy practices with up to 99 natural-derived ingredients and recyclable packaging.
Who are the top competitors of Lumene?
Lumene's top competitors include L'Oréal, Estee Lauder and L'Occitane.
What products or services does Lumene offer?
Lumene offers CC Color Correcting Cream SPF20, Vegan Collagen Essence, and Dewy Glow Setting Spray.
How many acquisitions has Lumene made?
Lumene has made 1 acquisition, including IDA WARG Beauty.
Who are Lumene's investors?
Lumene has 1 investor. Key investors include Verdane.