Startup · $84.5m raised
Every investor coverage indicates participated in a round Lumi raised.
| Investor | Rounds | Invested |
|---|---|---|
| Arbel | Unnamed stage · Unnamed stage · Series A | - |
| Follow[the]Seed | Unnamed stage · Series A | - |
| Harel Insurance and Finance Group | Unnamed stage | - |
| Josh Liberman Investment Group | Unnamed stage · Unnamed stage · Series A | - |
| Perennial Partners | Unnamed stage | - |
| Perennial Private Investments | Unnamed stage · Unnamed stage | - |
| Stellan Capital | Unnamed stage | - |
Companies Lumi acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
Stories naming Lumi. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
KPMG's half-yearly fintech report recorded a 76 percent drop in Australian fintech deal value for 2023, listing acquisitions of A2B and Stockspot and raises by Midkey, Rich Data Co and Lumi.
Weekly roundup of eight Australian startups raising a combined $30.2 million, spanning SME lending, quantum computing grants, proptech, consumer apps and recycling, plus Stylerunner's earlier sale to Accent Group.
Also Startup Daily
Business lender Lumi has banked a $15 million injection, with Israel's Harel Insurance and Finance Group joining as a fresh backer alongside existing supporters; the firm's prior raise was $20 million in 2020.
Boutique manager Perennial is gathering $200m toward a debut growth-stage fund, with cornerstone backing secured; its earlier private bets include Emesent, Lumi, Koala, Animoca Brands, Xpansiv and Songtradr.
Ignition Lane's weekly technology roundup: climate-tech funding activity, Grok's bid for AGL, King River Capital's digital asset fund, a batch of Australian startup raises, Maropost acquisitions, GigSuper's collapse and a National AI Centre appointment.
Also Startup Daily
Weekly roundup of seven startup raises: OCR Labs' Series B, Zoomo's Series B extension, plus new funding for Lumi, Upflowy, Linkby, Fortiro and Licorice, alongside Scalapay's unicorn round and Arkon Energy's pre-seed.
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Australian SME lender Lumi has completed a $10 million raise backed by Arbel Fund and Perennial Partners, taking its fundraising to $30 million in two months, with plans to double headcount nationwide.
Weekly roundup reporting many startup funding rounds, Investible's fund close, Skalata's committed capital, hipages buying Builderscrack, Stack Sports acquiring Team App, and Level Equity's stake purchase in Eftsure.
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Small-business lender Lumi is seeking fresh capital to nearly double headcount and expand, with its longstanding backer expected to reinvest, while a former bank executive joins its board.
SME lender Lumi says it plans a A$20 million equity raise to fund expansion, with existing backers expected to take part, and has appointed Steve Lambert to its board and risk committee chair.
SME lender Lumi has closed an $8 million equity round led by Josh Liberman Investment Group, and expects a lift when rival Prospa floats on the ASX.
Also SmartCompany·SmartCompany
SME lender Waddle has raised a $4 million Series A from Allectus Capital to scale ahead of bank partnerships, having previously secured a $50 million wholesale debt facility.
Young business-lending startup Lumi has raised debt and equity funding, drawing its team from founder Yanir Yakutiel's previous venture, while the piece also covers regulation and rivals in the sector.
Business lender Lumi has launched after a Series A combining debt from Israel's Arbel Fund with equity from Josh Liberman Investment Group and Follow [The] Seed; founder Yanir Yakutiel previously led alternative lender Sail.
Also SmartCompany·Australian FinTech·SmartCompany·SmartCompany·SmartCompany·Startup Daily·Australian FinTech