Total amount raised
$138.2 Millions
Latest funding date
2/1/2025
Location
Luminance has successfully raised multiple rounds of funding, with the latest being a Series C round. The company is backed by prominent investors, including Point72 Ventures and March Capital.
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 by Adam Guthrie and Graham Sills, is based in Cambridge, Cambridgeshire, United Kingdom. The company specializes in AI-powered solutions for legal contract management.
With a team of 251-500 employees, Luminance offers a platform that enhances contract generation, negotiation, and post-execution analysis using legal-focused models. Their technology aims to streamline legal document review and decision-making processes.
By leveraging AI, Luminance helps businesses automate routine tasks, improve compliance, and reduce operational costs, making it a valuable tool across various industries.
How Much Funding Has Luminance Raised?
- Seed Round
- Amount Raised: $3M
- Date: September 2016
- Lead Investors: Invoke Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial AI-powered platform and establish a market presence.
- Venture Round
- Amount Raised: Not disclosed
- Date: October 2016
- Lead Investors: Not disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the technology and expand the team.
- Series A
- Amount Raised: $10M
- Date: November 2017
- Lead Investors: Talis Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the platform and increase market penetration.
- Series B
- Amount Raised: $10M
- Date: February 2019
- Lead Investors: Invoke Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance AI capabilities and expand into new markets.
- Non-Equity Assistance
- Amount Raised: Not disclosed
- Date: April 2021
- Lead Investors: Future Fifty
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To receive strategic support and resources for growth.
- Series B
- Amount Raised: £32M
- Date: April 2024
- Lead Investors: March Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand AI capabilities and increase global market reach.
- Series C
- Amount Raised: $75M
- Date: February 2025
- Lead Investors: Point72 Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand AI capabilities and global market footprint, focusing on the U.S. and Europe.
Total Amount Raised: $98M
Current Valuation: Not publicly disclosed
Key Investors
- Point72 Ventures
- Details: Point72 Ventures is a multi-stage venture capital strategy within Point72 Private Investments, focusing on next-generation AI and legal tech. They offer asset management, equities, foreign exchange, research, investment strategies, financial planning, and investment advisory services.
- Investment Focus Areas: AI, legal tech, asset management
- Notable Investments: Not publicly disclosed
- March Capital
- Details: March Capital is a venture capital firm that invests in technology companies, particularly those in enterprise AI. They have been a consistent supporter of Luminance, with Hyun Koo serving on the board.
- Investment Focus Areas: Technology, innovation, enterprise AI
- Notable Investments: Not publicly disclosed
- Future Fifty
- Details: Future Fifty is a program that provides strategic support and resources to high-growth tech companies in the UK. They aim to help companies scale rapidly and achieve their growth potential.
- Investment Focus Areas: Technology, innovation, high-growth companies
- Notable Investments: Not publicly disclosed
- Invoke Capital
- Details: Invoke Capital is a venture capital firm founded by Dr. Mike Lynch, focusing on technology-driven companies. They were early investors in Luminance, providing crucial seed funding.
- Investment Focus Areas: Technology, AI, innovation
- Notable Investments: Not publicly disclosed
- Talis Capital
- Details: Talis Capital is a venture capital firm that invests in technology companies across various stages. They led Luminance's Series A funding round, helping the company scale its platform.
- Investment Focus Areas: Technology, innovation, various stages
- Notable Investments: Not publicly disclosed
What's Next for Luminance?
With the recent $75 million Series C funding, Luminance is poised to capitalize on the growing demand for AI-driven legal solutions. The company plans to expand its AI capabilities and market presence, particularly in the U.S. and Europe, where the legal tech market is rapidly evolving. This expansion offers significant opportunities, given the company's existing client base of over 700 organizations across 70 countries.
Future fundraising opportunities seem promising as Luminance continues to innovate and scale. The company's strong market position and technological advancements make it an attractive candidate for further investment. However, challenges such as competition from other legal tech firms and navigating regulatory landscapes in different regions could pose hurdles. Ensuring the reliability and accuracy of their AI solutions will be crucial for maintaining client trust and sustaining growth.
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