Total amount raised
$138.2 Million
Latest funding date
2/1/2025
Location
Luminance has successfully raised funds over seven rounds, with the latest being a Series C involving seven investors, led by Point72 Ventures. The AI-powered platform specializes in contract generation, negotiation, and post-execution analysis using legal-focused models.
Keep reading to explore the intricacies of Luminance's fundraising journey and the investors backing this innovative platform.
What Is Luminance?
Luminance, founded in 2015, is an AI-powered platform specializing in contract generation, negotiation, and post-execution analysis. The company operates in the industries of Artificial Intelligence, Contact Management, Legal, and Legal Tech.
Based in Cambridge, Cambridgeshire, United Kingdom, Luminance employs between 251-500 people. The platform leverages Legal-Grade™ AI to automate and enhance contract activities, serving a wide range of industries and business functions.
How Much Funding Has Luminance Raised?
- Seed Round
- Amount Raised: USD 3,000,000
- Date: September 2016
- Lead Investors: Invoke Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial AI technology and establish the company.
- Series Unknown
- Date: October 2016
- Investor Count: 1
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop and refine the AI platform.
- Series A
- Amount Raised: USD 10,000,000
- Date: November 2017
- Lead Investors: Talis Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and expand market reach.
- Series B
- Amount Raised: USD 10,000,000
- Date: February 2019
- Lead Investors: Invoke Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance AI capabilities and increase customer base.
- Non-Equity Assistance
- Date: April 2021
- Lead Investors: Future Fifty
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support operational growth and strategic initiatives.
- Series B
- Amount Raised: GBP 32,000,000
- Date: April 2024
- Lead Investors: March Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand AI capabilities and global market presence.
- Series C
- Amount Raised: USD 75,000,000
- Date: February 2025
- Lead Investors: Point72 Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To drive innovation, expansion, and scaling, particularly in the U.S. and Europe.
Total Amount Raised: USD 98,000,000
Current Valuation: Not publicly disclosed
Key Investors
- Point72 Ventures
- Details: Point72 Ventures is a venture capital firm that focuses on early-stage investments in technology, AI, fintech, and healthcare. It is part of Point72, a global asset management firm.
- Investment Focus Areas: Technology, AI, Fintech, Healthcare
- Notable Investments: Chainalysis, Extend, Luminance
- March Capital
- Details: March Capital is a venture capital firm that invests in innovative technology companies. It focuses on enterprise software, AI, and cybersecurity.
- Investment Focus Areas: Enterprise software, AI, Cybersecurity
- Notable Investments: CrowdStrike, ASAPP, Luminance
- Future Fifty
- Details: Future Fifty is a program that supports high-growth tech companies in the UK. It provides access to expertise, networking opportunities, and resources to scale businesses.
- Investment Focus Areas: High-growth tech companies
- Notable Investments: Darktrace, TransferWise, Luminance
- Invoke Capital
- Details: Invoke Capital is a venture capital firm that focuses on deep technology and AI. It was founded by Dr. Mike Lynch, a prominent figure in the tech industry.
- Investment Focus Areas: Deep technology, AI
- Notable Investments: Darktrace, Sophia Genetics, Luminance
- Talis Capital
- Details: Talis Capital is a venture capital firm that invests in technology-driven companies. It focuses on sectors such as AI, fintech, and technology.
- Investment Focus Areas: Technology, AI, Fintech
- Notable Investments: Onfido, iwoca, Luminance
What's Next for Luminance?
With a recent $75 million Series C funding round, Luminance is poised to capitalize on significant opportunities in the legal tech industry. The company plans to expand its AI capabilities and market presence, particularly in the U.S. and Europe, where the demand for automated contract management solutions is growing. This expansion is supported by a robust client base of over 700 organizations across more than 70 countries.
Future fundraising opportunities seem promising as Luminance continues to innovate and scale. The company's rapid growth and the increasing interest in legal AI suggest that additional funding rounds could be on the horizon to support further development and market penetration. However, Luminance will need to navigate challenges such as competition in the legal tech sector and ensuring the reliability of its AI systems.
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