About Luum
Luum is a company based in Draper (United States) founded in 2012 was acquired by HealthEquity in March 2021.. The company has 3,655 employees as of December 31, 2021. Luum operates in a competitive market with competitors including Businessolver, Justworks, Sodexo, Optum and Clara, among others.
- Headquarter Draper, United States
- Employees 3655 as on 31 Dec, 2021
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Sectors
TechnologyHealthcare Financial Services
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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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Latest Funding Round
- Investors
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Employee Count
3655
as on Dec 31, 2021
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Acquired by
HealthEquity
(Mar 08, 2021)
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Funding Insights of Luum
| 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 Luum
Luum has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include HealthEquity. 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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Health benefits and savings are managed through an app-based platform.
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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 Luum
| 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 - Luum
| 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 |
Luum Comparisons
Competitors of Luum
Luum 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 Businessolver, Justworks, Sodexo, Optum and Clara, 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 |
Cloud-based employee benefits administration solutions are delivered.
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| domain | founded_year | HQ Location |
Benefits administration and payroll management are provided for businesses.
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| domain | founded_year | HQ Location |
Employee benefits payment cards are provided via an online platform.
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| domain | founded_year | HQ Location |
Optum is recognized as a leading health solution and care delivery organization.
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| domain | founded_year | HQ Location |
Meetings are scheduled using AI by adding Clara to emails.
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| domain | founded_year | HQ Location |
Prepaid corporate cards are offered for on-demand employee wage access.
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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 Luum
Frequently Asked Questions about Luum
When was Luum founded?
Luum was founded in 2012.
Where is Luum located?
Luum is headquartered in Draper, United States. It is registered at Draper, Utah, United States.
How many employees does Luum have?
As of Dec 31, 2021, the latest employee count at Luum is 3,655.
What does Luum do?
Luum was founded in 2012 and is headquartered in Draper, United States. A cloud-based platform is operated to handle employee benefits, with a focus on commuting budget management. Tools are provided for parking arrangements, mobility options administration, and benefits oversight. Employee engagement is supported through these features in the human resources technology sector.
Who are the top competitors of Luum?
Luum's top competitors include Businessolver, Sodexo and Optum.
Who are Luum's investors?
Luum has 1 investor. Key investors include HealthEquity.