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Eight angels for Luminovo

The deep-tech start-up Luminovo is getting new money. A total of eight business angels are putting money into the Munich-based company, as it announced this week. The investors include former Microsoft strategy chief Charles Songhurst, UiPath founder Daniel Dines and Carsten Thoma, who successfully sold his start-up Hybris to SAP.

Lars-Thorben Niggehoff · Stuttgart, 19. February 2021

Eight angels for Luminovo — Die Luminovo-Gründer Timon Ruban und Sebastian Schaal. (Foto: Luminovo)

A number of prominent business angels are investing in the Munich-based software company. The founders are hoping to benefit greatly from their experience.

The deep-tech start-up Luminovo is getting new money. A total of eight business angels are putting money into the Munich-based company, as announced this week. The investors include former Microsoft strategy chief Charles Songhurst, UiPath founder Daniel Dines and Carsten Thoma, who successfully sold his start-up Hybris to SAP.

Luminovo is working on process optimization in the purchasing area. Specifically, the specially developed LumiQuote software aims to simplify and accelerate the tendering process. LumoQuote is primarily aimed at contract manufacturers of electronic items. Co-founder Timon Ruban believes that the eight business angels can help Luminovo with their experience: "Each of them fits our mission and can help us with their industry experience or a network of specialists to develop the complete electronics operating system after the launch of LumiQuote".

The start-up, which was founded in 2019, has raised a total of 2.5 million euros to date. In addition to the new investors, Cherry Ventures and La Famiglia are already involved.

DeepTech Funding Luminovo

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Investor 2012 Berlin Cherry Ventures Early-stage VC investor supporting European founders, usually as their first institutional investor.

Investor 2016 Berlin La Famiglia VC VC fund backed by a family of successful digital entrepreneurs, business angels, family businesses and industry leaders who nurture great founders through networks, unfair advantages & capital.

Startup 2017 München Luminovo Helps companies to develop customized software solutions by artificial intelligence.

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