How Much Did Luminar Raise? Funding & Key Investors

Luminar has successfully raised significant funding over multiple rounds, with notable investors including Mercedes Benz and Van Tuyl Companies. The company specializes in LiDAR technology, which is integral to the development of autonomous vehicles and advanced automotive safety systems.

Keep reading to explore the intricacies of Luminar's fundraising journey and the investors backing this innovative platform.

What Is Luminar?

Luminar, founded in 2012 by Austin Russell and Jason Eichenholz, is headquartered in Orlando, Florida. The company operates in the automotive, autonomous vehicles, sensor, and software industries, specializing in LiDAR technology to enhance vehicle safety and enable autonomous driving.

With an employee count ranging from 251 to 500, Luminar collaborates with leading automakers like Volvo and Nissan. Their mission is to save over 1 million lives annually by reducing vehicle accidents through advanced driver assistance systems and high-performance LiDAR technology.

How Much Funding Has Luminar Raised?

1. Round Name: Venture Round
   • Amount Raised: $36M
   • Date: April 2017
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To expand their LiDAR technology and enhance product offerings.
2. Round Name: Venture Round
   • Amount Raised: $114M
   • Date: January 2018
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To accelerate development and deployment of their autonomous vehicle technology.
3. Round Name: Venture Round
   • Amount Raised: Not publicly disclosed
   • Date: June 2018
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To further their market presence and technological advancements.
4. Round Name: Series A
   • Amount Raised: Not publicly disclosed
   • Date: February 2019
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support the scaling of their operations and technology.
5. Round Name: Venture Round
   • Amount Raised: $100M
   • Date: July 2019
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To drive expansion in the automotive market.
6. 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 enhance their commercial trucking solutions.
7. Round Name: Post-IPO Equity
   • Amount Raised: $184M
   • Date: December 2020
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support their public market debut and future growth.
8. Round Name: Post-IPO Equity
   • Amount Raised: $154M
   • Date: February 2021
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To continue scaling their technology and market reach.
9. Round Name: Post-IPO Equity
   • Amount Raised: $20.3M
   • Date: January 2022
   • Lead Investors: Mercedes Benz
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To strengthen their partnership with leading automakers.
10. Round Name: Post-IPO Debt
    • Amount Raised: $100M
    • Date: August 2024
    • Lead Investors: Not publicly disclosed
    • Valuation at Round: Not publicly disclosed
    • Motivation Behind the Round: To fund ongoing technological advancements and market expansion.

Total Amount Raised: $708.3M. Current Valuation: Not publicly disclosed.

Key Investors

• Mercedes Benz
  • Details: Mercedes Benz is a global automobile manufacturer known for luxury vehicles, buses, coaches, and trucks. It is a division of the German company Daimler AG.
  • Investment Focus Areas: Automotive, electric vehicles, autonomous driving.
  • Notable Investments: Tesla, ChargePoint, Luminar.
• Van Tuyl Companies
  • Details: Van Tuyl Companies is a privately held company with investments in various sectors, including automotive, real estate, and insurance. It is one of the largest privately-owned dealership groups in the United States.
  • Investment Focus Areas: Automotive, real estate, insurance.
  • Notable Investments: Berkshire Hathaway Automotive, Luminar.
• Daimler Trucks North America
  • Details: Daimler Trucks North America is a leading manufacturer of commercial vehicles in North America. It is a subsidiary of Daimler AG, focusing on the production of trucks and buses.
  • Investment Focus Areas: Commercial vehicles, autonomous driving, electric trucks.
  • Notable Investments: Proterra, Torc Robotics, Luminar.

What's Next for Luminar?

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