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 Lumavate 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 |
|---|---|
| 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 |
|---|---|---|---|---|
| 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 | - | - |
Lumavate Employees & Team Size
Lumavate employs approximately 15 people as of 2026.
Lumavate has 15 total employees in different roles and functions and 2 sales reps that carry a quota. They have 100 customers that rely on the company's 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) |
Founder / CEO
Mark Hill
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
See how Lumavate acquires and retains customers with data on acquisition costs and revenue performance. Log in to access the complete customer economics dashboard.
Frequently Asked Questions about Lumavate
What is Lumavate's revenue?
Lumavate generates $1.9M in 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.
How many employees does Lumavate have?
Lumavate has 15 employees.
Where is Lumavate headquarters?
Lumavate is headquartered in Carmel, Indiana, United States.
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Compare Lumavate to the industry
Lumavate operates across multiple industries. Browse revenue, funding, and growth data for Lumavate in each sector below.
Source Attribution
Source: all data was collected from GetLatka company research and founder interviews. Revenue, funding, team, and customer figures are presented as company-reported or GetLatka-estimated metrics where the profile data identifies them that way.
Company data last updated .
