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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
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.
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 | Source |
|---|---|---|---|---|---|
| 2022 | Venture Round | $6M | - | - | |
| 2019 | Venture Round | $3M | - | - | |
| 2018 | Seed Round |
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.
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| What's your age? | - |
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| Advice for 20 year old self | - |
Lumavate serves 100 customers.
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.
Lumavate generates an estimated $1.9M in annual revenue.
Lumavate was founded by Mark Hill.
The CEO of Lumavate is Mark Hill.
Lumavate raised $15.3M across 6 rounds.
Lumavate has 15 employees.
Lumavate is headquartered in Carmel, Indiana, United States.
Lumavate operates across multiple industries. Browse revenue, funding, and growth data for Lumavate in each sector below.
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.
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2024 Revenue
$1.9M(Est.)
Customers
100
Funding
$15.3M
Avg ACV
$18.7K
Team
15
Founded
2015
| Year | Milestone | Source |
|---|---|---|
| 2024 | Lumavate Hit $1.9m revenue in October 2024 | Estimated |
| 2023 | Lumavate Hit $1.1m revenue in October 2023 | Estimated |
| 2021 | Lumavate Hit $1.4m revenue in April 2021 | |
| 2015 | Launched with $0 revenue |
| $2.5M |
| - |
| - |
| 2017 | Seed Round | $2M | - | - |
| 2016 | Seed Round | $1M | - | - |
| 2015 | Debt Financing | $750K | - | - |
| Year | Milestone | Source |
|---|---|---|
| 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) |
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