About Lumitics
Lumitics is a company based in Singapore founded in 2016 by Rayner Loi.. Lumitics has raised $557 thousand across 1 funding round from investors including Franck Courmont, ReadyVentures and Startup-O. Lumitics offers products and services including Insight. Lumitics operates in a competitive market with competitors including Phenix, Bigbelly Solar, Mill, Orbisk and Clean Robotics, among others.
- Headquarter Singapore
- Founders Rayner Loi
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Sectors
ConsumerEnvironment
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Phone
*********
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Website
*********
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Social
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Annual Revenue
$31.59 K (USD)23as on Apr 30, 2021
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Net Profit
$-245.57 K (USD)10as on Apr 30, 2021
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EBITDA
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Total Equity Funding
$557 K (USD)
in 1 rounds
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Latest Funding Round
$557 K (USD), Seed
Jan 14, 2020
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Investors
ReadyVentures
& 3 more
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Employee Count
Employee Count
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Products & Services of Lumitics
Lumitics offers a comprehensive portfolio of products and services, including Insight. 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.
Device that uses sensors and cameras to monitor and reduce kitchen waste.
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Funding Insights of Lumitics
Lumitics has successfully raised a total of $557K through 1 strategic funding round. The most recent funding activity was a Seed round of $557 thousand completed in January 2020. 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 1
- Last Round Seed — $557,000
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First Round
First Round
(14 Jan 2020)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2020 | Amount | Seed - Lumitics | Valuation | Franck Courmont , ReadyVentures |
| 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 Lumitics
Lumitics has secured backing from 4 investors, including angel and venture fund investors. Prominent investors backing the company include Franck Courmont, ReadyVentures and Startup-O. 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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Early-stage startups are funded by ReadyVentures, a venture capital firm.
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Founded Year | Domain | Location | |
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Tech startups are assessed, invested in, and accelerated by Startup-O.
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Founded Year | Domain | Location | |
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FC
Franck Courmont |
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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 Lumitics
| 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 - Lumitics
| 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 |
Lumitics Comparisons
Competitors of Lumitics
Lumitics 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 Phenix, Bigbelly Solar, Mill, Orbisk and Clean Robotics, 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 |
Phenix is engaged in providing anti-waste solutions for businesses.
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| domain | founded_year | HQ Location |
Smart solar-powered waste bins are provided for real-time collection management.
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| domain | founded_year | HQ Location |
Smart bins are provided to process waste into fertilizer.
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| domain | founded_year | HQ Location |
AI-based food waste monitoring systems are provided for kitchens.
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| domain | founded_year | HQ Location |
Smart trash bin robots are manufactured for recyclable waste sorting.
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| domain | founded_year | HQ Location |
IoT-based smart waste bins are provided for rewarded collection.
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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 Lumitics
Frequently Asked Questions about Lumitics
When was Lumitics founded?
Lumitics was founded in 2016 and raised its 1st funding round 4 years after it was founded.
Where is Lumitics located?
Lumitics is headquartered in Singapore.
Who is the current CEO of Lumitics?
Rayner Loi is the current CEO of Lumitics. They have also founded this company.
Is Lumitics a funded company?
Lumitics is a funded company, having raised a total of $557K across 1 funding round to date. The company's 1st funding round was a Seed of $557K, raised on Jan 14, 2020.
What is the annual revenue of Lumitics?
Annual revenue of Lumitics is $31.59K as on Apr 30, 2021.
What does Lumitics do?
Lumitics was founded in 2016 in Singapore as a technology company focused on the food and beverage sector. Waste management solutions are offered, including the Insight tracker, which employs AI to identify complex waste items. Operations center on tracking and optimizing waste processes for industry clients, with services tailored to enhance efficiency in urban environments.
Who are the top competitors of Lumitics?
What products or services does Lumitics offer?
Lumitics offers Insight.
Who are Lumitics's investors?
Lumitics has 4 investors. Key investors include Franck Courmont, ReadyVentures, Startup-O, and Daley Louise Maree.
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