About Lumere
Lumere is a company based in Chicago (United States) founded in 2012 was acquired by Global Healthcare Exchange in January 2020.. Lumere has raised $21.18 million across 5 funding rounds from investors including HCA Healthcare, Bessemer Venture Partners and Global Healthcare Exchange. The company has 212 employees as of December 31, 2022. Lumere offers products and services including Value Analysis, Order Automation, Inventory Management, Vendor Credentialing, and GHX Marketplace. Lumere operates in a competitive market with competitors including Glassbeam, Asimily, CyberMDX, Censis and TriMedx, among others.
- Headquarter Chicago, United States
- Employees 212 as on 31 Dec, 2022
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Sectors
Healthcare
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Procured, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$21.18 M (USD)
in 5 rounds
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Latest Funding Round
$4.98 M (USD), Series B
Jan 31, 2019
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Investors
HCA Healthcare
& 9 more
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Employee Count
212
as on Dec 31, 2022
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Acquired by
Global Healthcare Exchange
(Jan 13, 2020)
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Products & Services of Lumere
Lumere offers a comprehensive portfolio of products and services, including Value Analysis, Order Automation, Inventory Management, Vendor Credentialing, and GHX Marketplace. 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.
Delivers evidence-based insights for cost-effective healthcare supply decisions.
Automates processes to standardize and improve order accuracy in healthcare.
Enhances visibility and control of healthcare inventory through software tools.
Manages risk mitigation and compliance for healthcare supplier relationships.
Facilitates product selection and procurement for healthcare supply chains.
Funding Insights of Lumere
Lumere has successfully raised a total of $21.18M across 5 strategic funding rounds. The most recent funding activity was a Series B round of $4.98 million completed in January 2019. 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 5
- Last Round Series B — $5.0M
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First Round
First Round
(08 Apr 2012)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2019 | Amount | Series B - Lumere | Valuation |
investors |
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| Jun, 2016 | Amount | Series B - Lumere | Valuation | Heritage Group | |
| Mar, 2014 | Amount | Series A - Lumere | Valuation | FCA Venture Partners |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 |
Investors in Lumere
Lumere has secured backing from 10 investors, including venture fund and institutional investors. Prominent investors backing the company include HCA Healthcare, Bessemer Venture Partners and Global Healthcare Exchange. 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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Multi-stage tech and life sciences focused venture capital firm investing primarily in the US
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Founded Year | Domain | Location | |
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Offline-focused VC firm investing primarily in the US
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Founded Year | Domain | Location | |
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Venture capital investments and support for entrepreneurs in technology and innovation sectors.
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Founded Year | Domain | Location |
| Investor | Description | 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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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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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 Lumere
| 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 |
Financial Statements - Lumere
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 |
Lumere Comparisons
Competitors of Lumere
Lumere 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 Glassbeam, Asimily, CyberMDX, Censis and TriMedx, 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 |
AI and cloud-based medical equipment’s machine data management tool for providers
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| domain | founded_year | HQ Location |
Medical device assets are managed via an online platform.
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| domain | founded_year | HQ Location |
AI-based cybersecurity solutions for healthcare networks are delivered.
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| domain | founded_year | HQ Location |
SaaS-based surgical instrument tracking solutions are offered for healthcare providers.
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| domain | founded_year | HQ Location |
Healthcare technology management services to health care providers and medical equipment manufacturers
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Lumere
Frequently Asked Questions about Lumere
When was Lumere founded?
Lumere was founded in 2012.
Where is Lumere located?
Lumere is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Is Lumere a funded company?
Lumere is a funded company, having raised a total of $21.18M across 5 funding rounds to date. The company's 1st funding round was a Series A of $4M, raised on Apr 08, 2012.
How many employees does Lumere have?
As of Dec 31, 2022, the latest employee count at Lumere is 212.
What does Lumere do?
Founded in 2012 and based in Chicago, United States, Lumere operates in the healthcare sector, focusing on evidence-based data and analytics to address costs and clinical variations in drug selection and utilization. Services include web-based tools for product introduction management, which standardizes value analysis processes, and category optimization for strategic sourcing to maintain accuracy and compliance. These solutions support physicians and providers in managing supply chains and formularies.
Who are the top competitors of Lumere?
What products or services does Lumere offer?
Lumere offers Value Analysis, Order Automation, Inventory Management, Vendor Credentialing, and GHX Marketplace.
Who are Lumere's investors?
Lumere has 10 investors. Key investors include HCA Healthcare, Bessemer Venture Partners, Global Healthcare Exchange, Eight Roads Ventures, and Heritage Group.
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