Luum

Draper, United States Founded: 2012 • Age: 14 yrs Acquired By HealthEquity
Employee benefits are managed via a cloud-based commuting platform.
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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
  • Sectors
    Technology
    Healthcare Financial Services
  • Phone
    *********
  • Website
    *********
  • Social
    *********
Operational Areas
Technology → Marketing, Adtech & Commerce Technology
Technology → Enterprise Software & Productivity Solutions
Healthcare → Health Technology & Digital Health
Financial Services → FinTech & Digital Finance
Key Metrics
  • Annual Revenue
  • Net Profit
  • EBITDA
  • Latest Funding Round
  • Investors
  • Employee Count
    3655

    as on Dec 31, 2021

  • Acquired by
    HealthEquity

    (Mar 08, 2021)

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People of Luum
Headcount 10-50
Employee Profiles 11
Employee Profiles
People
Amy Johnson
Director, Enterprise Client Relationships
People
Lydia Jenni
Support Team Manager
People
Tom Ramage
Client Service Consultant II
People
Rein Irving
Marketing Project Manager

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Funding Insights of Luum

Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

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.

All
Institutional
Investor Description Founded Year Domain Location
Health benefits and savings are managed through an app-based platform.
Founded Year Domain Location
Investor Description Founded Year Domain Location
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
Founded Year Domain Location
Startup ecosystems are ignited through strategic investments by Signite Partners.
Founded Year Domain Location
Venture capital is directed toward companies in multiple sectors.
Founded Year Domain Location
Venture capital is invested in cybersecurity, fintech, and AI startups.
Founded Year Domain Location

Investments & Acquisitions by Luum

Investments
Company Name Description Domain Location Founded Year Amount
Bionic investment advisor platform
2016
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Fine Asian gourmet food is offered by an internet-first restaurant.
2016

Financial Statements - Luum

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Luum Comparisons

Employees
+
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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.
domain founded_year HQ Location
Benefits administration and payroll management are provided for businesses.
domain founded_year HQ Location
Employee benefits payment cards are provided via an online platform.
domain founded_year HQ Location
Optum is recognized as a leading health solution and care delivery organization.
domain founded_year HQ Location
Meetings are scheduled using AI by adding Clara to emails.
domain founded_year HQ Location
Prepaid corporate cards are offered for on-demand employee wage access.
Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

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.

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