Total amount raised
$707.25 Million
Latest funding date
5/1/2025
Location
Luminar has successfully raised funding over 8 rounds, with the latest being a Post-IPO Equity round. The company was backed by 26 investors, including Yorkville Advisors and Mercedes-Benz Group AG, and their equity interests were cancelled without consideration.
What Is Luminar?
Luminar was a public company specializing in autonomous vehicle and lidar technology, catering to passenger cars, commercial trucking, and robo-taxi sectors. It sold both businesses and ceased operations in February 2026. The company was headquartered in Orlando, Florida.
Founded in 2012, Luminar employed between 501 and 1000 people. The company raised funding through multiple rounds and its Nasdaq-listed LAZR shares were cancelled in April 2026.
How Much Funding Has Luminar Raised?
- Round Name: Series Unknown
- Amount Raised: USD 114,000,000
- Date: January 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate the development of Luminar's lidar technology.
- Round Name: Series Unknown
- Amount Raised: USD 100,000,000
- Date: July 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the development and commercialization of Luminar's new Iris lidar sensors.
- Round Name: Corporate Round
- Amount Raised: Not publicly disclosed
- Date: October 2020
- Lead Investors: Daimler Trucks North America
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To strengthen strategic partnerships and expand market reach.
- Round Name: Post-IPO Equity
- Amount Raised: USD 184,000,000
- Date: December 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale production and enhance technological capabilities.
- Round Name: Post-IPO Equity
- Amount Raised: USD 154,000,000
- Date: February 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop autonomous vehicle technology.
- Round Name: Post-IPO Equity
- Amount Raised: USD 20,250,000
- Date: January 2022
- Lead Investors: Mercedes-Benz Group AG
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance collaboration with automotive partners.
- Round Name: Post-IPO Debt
- Amount Raised: USD 100,000,000
- Date: August 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support long-term financial stability and growth.
- Round Name: Post-IPO Equity
- Amount Raised: USD 35,000,000
- Date: May 2025
- Lead Investors: Yorkville Advisors
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fund ongoing research and development initiatives.
Total Amount Raised: USD 707,250,000. Current Valuation: Not publicly disclosed. The October 2020 Corporate Round amount was not disclosed and is not in the total.
Key Investors
- Yorkville Advisors
- Details: Yorkville Advisors is a private investment firm that has participated in multiple Post-IPO Equity funding rounds for Luminar. They focus on providing flexible and innovative financing solutions to growth companies.
- Investment Focus Areas: Technology, healthcare, energy.
- Notable Investments: Luminar, Tesla, Uber.
- Mercedes-Benz Group AG
- Details: Mercedes-Benz Group AG is a global automobile manufacturer known for luxury vehicles and commercial vehicles. They have invested in Luminar to enhance collaboration in autonomous vehicle technology.
- Investment Focus Areas: Automotive, technology, mobility solutions.
- Notable Investments: Luminar, ChargePoint, Via.
- Daimler Trucks North America
- Details: Daimler Trucks North America is a leading manufacturer of commercial vehicles in North America. They have invested in Luminar to strengthen strategic partnerships and expand market reach.
- Investment Focus Areas: Commercial vehicles, autonomous driving, logistics.
- Notable Investments: Luminar, Proterra, Torc Robotics.
What's Next for Luminar?
Luminar sold its lidar business, including the Iris product line, to MicroVision in February 2026 and then ceased business operations. Luminar's Chapter 11 plan of liquidation became effective in April 2026, its assets vested in a liquidating trust, and its equity interests were cancelled.
Use Clay to Get Funding Data
Sales professionals, take your strategy to the next level by leveraging Clay's platform to access comprehensive fundraising data on companies like Luminar and gather other critical business insights.
Sign up for free to start exploring the wealth of information available at your fingertips and gain a competitive edge in your sales efforts.
