About Lumo
Lumo is a company based in Santa Rosa (United States) founded in 2021 by Henry Halimi and Devon Wright.. Lumo has raised $13.22 million across 2 funding rounds from investors including Active Impact Investments, Fall Line Capital and Climate Capital. Lumo offers products and services including Lumo Valves and Lumo Software. Lumo operates in a competitive market with competitors including HydroPoint, Netafim, Hortau, Lindsay and Kilimo, among others.
- Headquarter Santa Rosa, United States
- Founders Henry Halimi, Devon Wright
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Sectors
EnvironmentAgriculture
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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
$13.22 M (USD)
in 2 rounds
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Latest Funding Round
$11.12 M (USD), Series A
Apr 19, 2024
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Investors
Active Impact Investments
& 2 more
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Employee Count
Employee Count
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Products & Services of Lumo
Lumo offers a comprehensive portfolio of products and services, including Lumo Valves and Lumo Software. 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.
Hardware for accurate water delivery and flow monitoring in fields.
Platform for real-time data and automation of irrigation processes.
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Funding Insights of Lumo
Lumo has successfully raised a total of $13.22M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $11.12 million completed in April 2024. 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 2
- Last Round Series A — $11.1M
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First Round
First Round
(19 Jul 2022)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2024 | Amount | Series A - Lumo | Valuation |
investors |
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| Jul, 2022 | Amount | Seed - Lumo | Valuation | Fall Line Capital |
| 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 Lumo
Lumo has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Active Impact Investments, Fall Line Capital and Climate Capital. 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 climate tech companies are supported through investments.
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VC firm that does early stage investments in the US
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Venture capital is invested in climate tech startups and entrepreneurs.
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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 Lumo
| 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 - Lumo
| 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 |
Lumo Comparisons
Competitors of Lumo
Lumo 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 HydroPoint, Netafim, Hortau, Lindsay and Kilimo, 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 |
Provider of smart water management solutions
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| domain | founded_year | HQ Location |
Drip irrigation components are manufactured and precision solutions are developed.
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| domain | founded_year | HQ Location |
Precision irrigation management is enabled through soil sensor data.
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| domain | founded_year | HQ Location |
Irrigation management and infrastructure solutions are provided for agriculture.
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| domain | founded_year | HQ Location |
Sustainable irrigation technologies for agriculture are developed and implemented.
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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 Lumo
Frequently Asked Questions about Lumo
When was Lumo founded?
Lumo was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Where is Lumo located?
Lumo is headquartered in Santa Rosa, United States.
Who is the current CEO of Lumo?
Devon Wright is the current CEO of Lumo. They have also founded this company.
Is Lumo a funded company?
Lumo is a funded company, having raised a total of $13.22M across 2 funding rounds to date. The company's 1st funding round was a Seed of $2.1M, raised on Jul 19, 2022.
What does Lumo do?
Provider of precision irrigation automation systems. It offers block-level irrigation data, enabling precise water delivery based on real-time flow rates and pressure monitoring. The system features accountable automation, allowing for irrigation at any time with verified volumes and eliminating manual errors. Fault detection, real-time alerts, and dedicated support ensure efficient and reliable irrigation operations. The technology improves crop quality, reduces water and labor costs, and enhances sustainability.
Who are the top competitors of Lumo?
Lumo's top competitors include HydroPoint, N-Drip and Netafim.
What products or services does Lumo offer?
Lumo offers Lumo Valves and Lumo Software.
Who are Lumo's investors?
Lumo has 3 investors. Key investors include Active Impact Investments, Fall Line Capital, and Climate Capital.
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