Lumen5 revenue hit $4.8M in 2024

Lumen5 generates revenue from 5000 customers

Lumen5

300-56 E 2nd Ave, Vancouver, British Columbia, Canada

How did Latka collect this data?

Latka collected this data by interviewing Lumen5 CEO Michael Cheng on Sep 3, 2018

About Company RevenueTeamFounder/CEOCustomersCEO Net Worth

How Lumen5 hit $4.8M revenue and 5K customers in 2020.

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.

Founded

2017

Founded

Revenue

$4.8M

2020 Revenue

YOY

29.73%

YOY

Funding

$105K

Funding

Lumen5 Revenue

In 2020, Lumen5 revenue run rate hit $4.8M in revenue.

  • 2020

    Lumen5 hit $4.8M in revenue in 2020

  • 2019

    Lumen5 hit $3.7M in revenue in 2019

  • 2018

    Lumen5 hit $1.2M in revenue in 2018

  • 2017

    Lumen5 launched in 2017 with $0 revenue

Lumen5 Funding History


No funding has been reported for Lumen5 yet.

Team

Lumen5 has 49 total employees and 4 sales reps that carry a quota. They have 5,000 customers an engineering team of 13 and a marketing team of 3.

DISTRIBUTION QTY
Total team size 49
Engineer 13 (27%)
Sales 4 (8%)
Marketing 3 (6%)

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

  • What's your age?

    30

  • Favorite online tool?

    Canva

  • Favorite book?

    Predictable Revenue

  • Favorite CEO?

    Oli Unbounce

  • Advice for 20 year old self

    The importance of scale

Customers

Churn

Lumen5 Executives

Name Position Working Email Personal Email
Michael Cheng CEO [email protected] -

Lumen5 Employees

Name Position Working Email Personal Email
Michael Cheng CEO [email protected] -

Frequently Asked Questions about Lumen5

  • When was Lumen5 founded?

    Lumen5 was founded in 2017.

  • How much revenue does Lumen5 generate?

    Lumen5 generates $4.8M in revenue.

  • Who is the CEO of Lumen5

    The CEO of Lumen5 is Michael Cheng.

  • How much funding does Lumen5 have?

    Lumen5 raised $105K.

  • How many employees does Lumen5 have?

    Lumen5 has 49 employees.

  • Where is Lumen5 headquarters?

    Lumen5 is headquartered at 300-56 E 2nd Ave, Vancouver, British Columbia, Canada

People Also Viewed

Chatmeter

Complete Local Brand Management Platform, Reputation and Local SEO Analytics for Multi-Location Chains and Agencies. Client Retention Rate over 90%

Textline

Textline is a business texting app that lets you text message customers from your computer. SMS is the most convenient communication channel for your team.

MaestroQA

Provider of an open market orchestration platform intended to track customer behavior and analyze their preferences. The company's platform tracks application usage, feedback, user psychology and analytics of customer experience to deliver personalized and coordinated marketing experiences across marketing channels, enabling managers to empower agents with real-time feedback, granular insight into agent performance and pinpointed coaching.

Celoxis

The all-in-one solution to manage your Projects + Resources + Workflows + Timesheets & more. ✔ Powerful features ✔ Beautiful dashboards ✔ Superb reporting.

Clavister

Clavister is a provider of web based security and unified threat management software. The company offers virtual series network security products for virtual and cloud based security that include virtual private server, virtual private cloud and hosted data center. The company continues to grow by making periodic small acquisitions.

Timma

Provider of an online platform designed to help users to book for hair and massage services. The company's platform offers calendar and cash management services, enabling users to compare places easily by price, rating and location.