About Luminate Medical
Luminate Medical is a company based in Galway (Ireland) founded in 2019 by Aaron Hannon and Barbara Oliveira.. Luminate Medical has raised $37.55 million across 7 funding rounds from investors including European Union, Elkstone and Atlantic Bridge. Luminate Medical offers products and services including Lotus Device and Hair Loss Prevention Device. Luminate Medical operates in a competitive market with competitors including TriSalus Life Sciences, Cooler Heads, Delcath, Cognos Therapeutics and Biocompatibles, among others.
- Headquarter Galway, Ireland
- Founders Aaron Hannon, Barbara Oliveira
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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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$37.55 M (USD)
in 7 rounds
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Latest Funding Round
$17 M (USD), Series B
Nov 13, 2025
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Investors
European Union
& 11 more
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Employee Count
Employee Count
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Products & Services of Luminate Medical
Luminate Medical offers a comprehensive portfolio of products and services, including Lotus Device and Hair Loss Prevention Device. 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.
Enables home infusions for low-risk cancer treatments
Reduces hair loss during chemotherapy sessions
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Funding Insights of Luminate Medical
Luminate Medical has successfully raised a total of $37.55M across 7 strategic funding rounds. The most recent funding activity was a Series B round of $17 million completed in November 2025. 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 7
- Last Round Series B — $17.0M
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First Round
First Round
(01 Sep 2021)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2025 | Amount | Series B - Luminate Medical | Valuation |
investors |
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| Dec, 2024 | Amount | Series A - Luminate Medical | Valuation |
investors |
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| May, 2024 | Amount | Series A - Luminate Medical | Valuation | Artis Ventures |
| 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 Luminate Medical
Luminate Medical has secured backing from 12 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include European Union, Elkstone and Atlantic Bridge. 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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Atlantic Bridge is focused on growth equity investments in technology.
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Founded Year | Domain | Location | |
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Early-stage startups are invested in by Artis Ventures.
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Founded Year | Domain | Location | |
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Venture capital firm investing in technology, life sciences, and related 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 Luminate Medical
| 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 - Luminate Medical
| 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 |
Luminate Medical Comparisons
Competitors of Luminate Medical
Luminate Medical 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 TriSalus Life Sciences, Cooler Heads, Delcath, Cognos Therapeutics and Biocompatibles, 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 |
Developer of drug delivery devices to treat cancers
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| domain | founded_year | HQ Location |
Developer of cold cap system to prevent chemotherapy side effects
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| domain | founded_year | HQ Location |
Delcath Systems, Inc. is focused on liver cancer treatments.
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| domain | founded_year | HQ Location |
Cognos Therapeutics is focused on innovative neurological and oncological treatments.
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| domain | founded_year | HQ Location |
UK-based biotherapeutics company developing products for the treatment of liver and HCC cancer.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Luminate Medical
Frequently Asked Questions about Luminate Medical
When was Luminate Medical founded?
Luminate Medical was founded in 2019 and raised its 1st funding round 2 years after it was founded.
Where is Luminate Medical located?
Luminate Medical is headquartered in Galway, Ireland.
Who is the current CEO of Luminate Medical?
Aaron Hannon is the current CEO of Luminate Medical. They have also founded this company.
Is Luminate Medical a funded company?
Luminate Medical is a funded company, having raised a total of $37.55M across 7 funding rounds to date. The company's 1st funding round was a Series A of $15M, raised on Sep 01, 2021.
What does Luminate Medical do?
Founded in 2019 and based in Galway, Ireland, the company operates in the medical device sector. A wearable device is developed to restrict blood flow to the scalp, thereby preventing chemotherapy drugs from affecting hair follicles. This technology addresses hair loss in cancer patients, with operations focused on device innovation and clinical application in oncology support.
Who are the top competitors of Luminate Medical?
Luminate Medical's top competitors include TriSalus Life Sciences, Cooler Heads and Cognos Therapeutics.
What products or services does Luminate Medical offer?
Luminate Medical offers Lotus Device and Hair Loss Prevention Device.
Who are Luminate Medical's investors?
Luminate Medical has 12 investors. Key investors include European Union, Elkstone, Atlantic Bridge, Finn Murphy, and Steve Pacelli.