About LUX Assure
LUX Assure is a company based in Edinburgh (United Kingdom) founded in 2001. It operates as a B2B. LUX Assure has raised $9.18 million across 3 funding rounds from investors including ConocoPhillips, Chevron and Equinor. The company has 16 employees as of September 30, 2018. LUX Assure operates in a competitive market with competitors including Fotech, CannSeal, ATRP Solutions, Seal For Life Industries and EV Cam, among others.
- Headquarter Edinburgh, United Kingdom
- Employees 16 as on 30 Sep, 2018
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Sectors
Energy & Utilities
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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
$9.18 M (USD)
in 3 rounds
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Latest Funding Round
$3.56 M (USD), Series A
Jun 24, 2016
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Investors
ConocoPhillips
& 4 more
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Employee Count
16
as on Sep 30, 2018
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Funding Insights of LUX Assure
LUX Assure has successfully raised a total of $9.18M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $3.56 million completed in June 2016. 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 3
- Last Round Series A — $3.6M
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First Round
First Round
(01 Jun 2010)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2016 | Amount | Series A - LUX Assure | Valuation | Scottish Enterprise , Archangels |
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| Feb, 2013 | Amount | Series A - LUX Assure | Valuation |
investors |
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| Jun, 2010 | Amount | Seed - LUX Assure | Valuation |
investors |
| 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 LUX Assure
LUX Assure has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include ConocoPhillips, Chevron and Equinor. 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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Investment and expertise are provided to early-stage Scottish companies.
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Founded Year | Domain | Location | |
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Business development and leadership training programs are offered to companies.
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Founded Year | Domain | Location | |
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Petroleum, natural gas, petrochemicals, and electrical power are produced globally.
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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 LUX Assure
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 - LUX Assure
| 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 |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Lux Assure Comparisons
Competitors of LUX Assure
LUX Assure 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 Fotech, CannSeal, ATRP Solutions, Seal For Life Industries and EV Cam, 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 |
AI and photonics monitoring solutions are delivered for energy infrastructure.
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| domain | founded_year | HQ Location |
Annular isolation technology is provided for enhanced oil recovery.
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| domain | founded_year | HQ Location |
Specialty polymers are manufactured via ATRP for targeted properties.
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| domain | founded_year | HQ Location |
Corrosion prevention and control solutions provider for the oil & gas industry
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| domain | founded_year | HQ Location |
Well diagnosis cameras are designed for high-temperature and high-pressure environments.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Lux Assure
Frequently Asked Questions about LUX Assure
When was LUX Assure founded?
LUX Assure was founded in 2001 and raised its 1st funding round 9 years after it was founded.
Where is LUX Assure located?
LUX Assure is headquartered in Edinburgh, United Kingdom. It is registered at Edinburgh, Scotland, United Kingdom.
Is LUX Assure a funded company?
LUX Assure is a funded company, having raised a total of $9.18M across 3 funding rounds to date. The company's 1st funding round was a Seed of $618K, raised on Jun 01, 2010.
How many employees does LUX Assure have?
As of Sep 30, 2018, the latest employee count at LUX Assure is 16.
What does LUX Assure do?
LUX Assure, backed by 9178000.0 from Scottish Enterprise, Archangels, Equinor, ConocoPhillips, Chevron, focuses on working in the energy sector, oil and gas, chemical monitoring, and technology services. Offers advanced chemical monitoring technology for the oil and gas industry. Driving innovation, growth, and excellence in its industry sectors.
Who are the top competitors of LUX Assure?
LUX Assure's top competitors include Fotech, Seal For Life Industries and CannSeal.
Who are LUX Assure's investors?
LUX Assure has 5 investors. Key investors include ConocoPhillips, Chevron, Equinor, Scottish Enterprise, and Archangels.
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