Lumen5
Valuation
$14.4M
2024 Revenue
$7M
Customers
5K
Funding
$0
Avg ACV
$1.4K
Team
49
Churn
144%
Founded
2017
How Lumen5 CEO Michael Cheng grew Lumen5 to $7M revenue and 5K customers in 2024.
Lumen5 is a Canadian-based company that provides a video creation platform for businesses and individuals. The platform uses artificial intelligence (AI) and machine learning algorithms to analyze text-based content and create engaging video content automatically. Users can input text, images, or video clips and the platform will generate a video with music and visuals in a matter of minutes. Lumen5's solution also includes features such as customizable templates, stock footage and music, and integration with social media platforms. The company''s mission is to provide businesses and individuals with a simple and affordable way to create high-quality video content without requiring any technical expertise. Lumen5 is headquartered in Vancouver, Canada.
Last updated
Lumen5 Revenue
In 2024, Lumen5's revenue reached $7M. The company previously reported $4.8M in 2020. Since its launch in 2017, Lumen5 has shown consistent revenue growth.
| Year | Milestone |
|---|---|
| 2024 | Lumen5 Hit $7m revenue in June 2024 |
| 2020 | Lumen5 Hit $4.8m revenue in November 2020 |
| 2019 | Lumen5 Hit $3.7m revenue in December 2019 |
| 2018 | Lumen5 Hit $1.2m revenue in September 2018 |
| 2017 | Launched with $0 revenue |
Lumen5 Valuation, Funding Rounds
Lumen5's most recent disclosed valuation is $14.4M.
Lumen5 is a bootstrapped Generative AI Software startup. Founded in 2017, Lumen5 has grown to $7M in revenue without raising any venture capital or outside funding.
As a self-funded Generative AI Software SaaS company, Lumen5 has built its business with no outside investment.
| Year | Round | Amount | Valuation | % Sold |
|---|
Lumen5 Employees & Team Size
Lumen5 employs approximately 49 people as of 2026.
Lumen5 has 49 total employees in different roles and functions and 4 sales reps that carry a quota. They have 5K customers that rely on the company's solutions.
| Year | Milestone |
|---|---|
| 2024 | Reached 49 employees (October 2024) |
| 2023 | Reached 49 employees (July 2023) |
| 2023 | Reached 49 employees (July 2023) |
| 2023 | Reached 47 employees (January 2023) |
| 2022 | Reached 47 employees (January 2022) |
| 2021 | Reached 41 employees (January 2021) |
| 2020 | Reached 39 employees (December 2020) |
| 2020 | Reached 40 employees (November 2020) |
| 2020 | Reached 33 employees (June 2020) |
| 2018 | Reached 11 employees (September 2018) |
Founder / CEO
Michael Cheng
Ryan’s passion is people development, technology, and outdoor adventure. He enjoys helping people succeed and, in his spare time, he is always looking for new ways to explore the mountains of Colorado or a tropical reef.
Q&A
| Question | Answer |
|---|---|
| What's your age? | 32 |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
See how Lumen5 acquires and retains customers with data on acquisition costs and revenue performance. Log in to access the complete customer economics dashboard.
LockedFrequently Asked Questions about Lumen5
What is Lumen5's revenue?
Lumen5 generates $7M in revenue.
Who founded Lumen5?
Lumen5 was founded by Michael Cheng.
Who is the CEO of Lumen5?
The CEO of Lumen5 is Michael Cheng.
How much funding does Lumen5 have?
Lumen5 raised $0.
How many employees does Lumen5 have?
Lumen5 has 49 employees.
Where is Lumen5 headquarters?
Lumen5 is headquartered in Vancouver, British Columbia, Canada.
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Compare Lumen5 to the industry
Lumen5 operates across multiple industries. Browse revenue, funding, and growth data for Lumen5 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 .