2024 Revenue
$1.9M
Customers
100
Funding
$15.3M
YOY
67.8%
Avg ACV
$18.7K
Team
15
Founded
2015
How Lumavate CEO Mark Hill grew to $1.9M revenue and 100 customers in 2024.
Provider of a software-as-a-service platform intended to connect products and its end-users. The company's platform combines smart packaging with IoT to facilitate the connection of products and end-users at key moments in a product's lifecycle as well as to create a new, captive channel, enabling companies to monetize their IoT strategy and open new revenue streams to accelerate their growth.
Last updated
Lumavate Revenue
In 2024, Lumavate's revenue reached $1.9M. The company previously reported $1.1M in 2023. Since its launch in 2015, Lumavate has shown consistent revenue growth.
| Year | Milestone | Quote |
|---|---|---|
| 2024 | Lumavate Hit $1.9m revenue in October 2024 | |
| 2023 | Lumavate Hit $1.1m revenue in October 2023 | |
| 2021 | Lumavate Hit $1.4m revenue in April 2021 | |
| 2015 | Launched with $0 revenue |
Lumavate Valuation, Funding Rounds
Lumavate has not publicly disclosed its valuation. The company has raised $15.3M in total funding to date.
Lumavate has raised $15.3M in total funding across 6 rounds, most recently a $6M Venture Round round in 2022.
| Year | Round | Amount | Valuation | % Sold | Quote |
|---|---|---|---|---|---|
| 2022 | Venture Round | $6M | - | - | |
| 2019 | Venture Round | $3M | - | - | |
| 2018 | Seed Round | $2.5M | - | - | |
| 2017 | Seed Round | $2M | - | - | |
| 2016 | Seed Round | $1M | - | - | |
| 2015 | Debt Financing | $750K | - | - |
Founder / CEO
Mark Hill
CEO
Executive Chairman at Lumavate . There is just something about building a great business that is irresistible. Have been very fortunate to have been around a number of them, all serving customers, employees, communities and investors. Lucky to be back at it with a great team at Lumavate.
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
Lumavate serves 100 customers.
Lumavate Employees & Team Size
Lumavate employs approximately 15 people as of 2026, including 2 sales reps that carry a quota. It serves 100 customers that rely on its solutions.
| Year | Milestone |
|---|---|
| 2024 | Reached 15 employees (October 2024) |
| 2023 | Reached 15 employees (October 2023) |
| 2022 | Reached 28 employees (October 2022) |
| 2022 | Reached 24 employees (January 2022) |
| 2021 | Reached 23 employees (December 2021) |
| 2021 | Reached 17 employees (April 2021) |
Frequently Asked Questions about Lumavate
What is Lumavate's revenue?
Lumavate generates an estimated $1.9M in annual revenue.
Who founded Lumavate?
Lumavate was founded by Mark Hill.
Who is the CEO of Lumavate?
The CEO of Lumavate is Mark Hill.
How much funding does Lumavate have?
Lumavate raised $15.3M across 6 rounds.
How many employees does Lumavate have?
Lumavate has 15 employees.
Where is Lumavate headquarters?
Lumavate is headquartered in Carmel, Indiana, United States.
Compare Lumavate to the industry
Lumavate operates across multiple industries. Browse revenue, funding, and growth data for Lumavate in each sector below.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
Claim this profilePeople Also Viewed
Syndeo.cx
Developer of a conversational platform intended to communicate with customers in the right place, at the right time. The company's platform is an intelligent virtual assistant that qualifies leads, communicates with customers and improves customer service, enabling clients to help improve their sales performance while reducing their office running costs.
VIAR
Developer of a cloud-based content management system designed to to create interactive virtual reality experiences from 360 photographs and videos. The company's cloud-based content management system help businesses to begin using virtual reality as a business tool by reducing the time, effort, and knowledge required to create interactive virtual reality experiences from 360 photographs and videos and features a drag-and-drop interface, enabling non-technical creative departments in enterprises to create VR stories that include interactive elements using hotspots before publishing to mobile apps, websites, email or social platforms.
TeskaLabs
Developer of cloud-based security products designed to provide Mobile and IoT Application security. The company's cloud-based security platform provides grade level security services for IT infrastructure and other digital assets and prevent hackers from attacking business and stealing sensitive information, providing businesses protection against cyber threats connected with data.
SmartGames
Provider of children's edutainment media services intended to license, produce and distribute kids' IP in the Greater China Region. The company's wide-range of licensing agreements with US/European children's brands and distribution partnerships enable parents to have a trusted source of excellent, educational and fun videos, apps and merchandise for young children.
StaTwig
Developer of a blockchain-based supply chain platform intended to provide real-time tamper-proof end-to-end tracking. The company's platform provides real-time tracking and visibility of the life journey of a product, including geographical location, changes in temperature, along with all of the transactions, contracts and payments associated with the product as it moves through the supply chain, enabling clients to trace products from manufacturer to customer by using loT and other emerging technologies.
Sufio
Provider of an invoice printing application intended to be used in shops and e-commerce sites. The company's application assists in bulk printing and works with Shopify and BigCommerce, enabling online stores to automatically create and send invoices for every order made in the store while allowing to capture and validate VAT numbers from the business customers.
