Javascript is disabled in your browser

Startbase requires Javascript in order to display content.
Please check your browser settings and enable Javascript-Support for this website.

Eight angels for Luminovo

Lars-Thorben Niggehoff | 19.02.2021

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

A number of prominent business angels are joining the Munich-based software company. The founders hope to gain a lot from their experience.

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

Luminovo is working on process optimization in the purchasing area. Specifically, the software LumiQuote, which was developed in-house, is intended to simplify and accelerate the tendering process. LumoQuote is mainly aimed at contract manufacturers of electronic goods. 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 startup, founded in 2019, has raised a total of €2.5 million so far. In addition to the new investors, Cherry Ventures and La Famiglia are already involved.

DeepTech Funding Luminovo

Like it? Please spread the word:

Newsletter

Startups, stories and stats from the German startup ecosystem straight to your inbox. Subscribe with 2 clicks. Noice.

LinkedIn Connect

Take care, give care

Did this news inform or entertain you? Then we would be happy if you tell your network about it.

Share on Linkedin Share on Facebook Share on Xing

Related companies

Cherry Ventures

Investor 2012 Berlin

Cherry Ventures

Early-stage VC investor supporting European founders, usually as their first institutional investor.

Startup 2017 München

Helps companies to develop customized software solutions by artificial intelligence.

Startup 2019 Berlin

Software to integrate existing e-commerce and chatbot tools within one application.

Similar posts

News 2 million euros pre-seed for experial Market research in real time. experial receives EUR 2 million in pre-seed funding to enable companies to conduct faster and more accurate market analyses with AI-based digital twins.

News hema.to secures funding for blood diagnostics hema.to is developing a cloud-based platform that uses artificial intelligence to accelerate the diagnosis of blood cancer and immune diseases.

News Forschungszentrum Jülich and eleQtron develop modular quantum supercomputer with support of 21 million euros EleQtron and Forschungszentrum Jülich write future history: Development partnership for modular quantum supercomputer launched in NRW - a milestone for the deep-tech industry!

News New Center for Deep-Tech Transfer opens in Leipzig The Center for Deep-Tech-Transfer opens its doors to promote innovation in Saxony and strengthen the link between research and industry.

News eleQtron honored with Quantum Effects Award: A beacon of hope in the quantum computing industry EleQtron from Siegen receives the Quantum Effects Award for their innovative MAGIC technology in quantum computing hardware. The company's scalable quantum computers offer promising solutions for industry.

News NEURA Robotics secures 50 million euros NEURA Robotics secures €50 million in fresh capital! The AI and robotics startup plans global expansion and the first humanoid general-purpose robot.

News Deep tech startup DGG raises 4 million euros European VC IRIS leads a funding round in which deep tech startup DGG raises €4 million for its real-time 3D technology. RapidCompact, an automated 3D visualization software, has already convinced well-known customers...

News Twinsity receives EUR 2.5 million in financing Twinsity receives €2.5 million in funding from the European Innovation Council Accelerator (EIC) and uses AI and MI to make bridge and oil and gas refinery monitoring more efficient and safer.

News Funding volume for fintechs still high Despite fears of difficult times for companies, a lot of venture capital is still flowing into European financial startups. In the second quarter of 2022, backers invested a total of €5.5 billion.

Janina Gerhardt

News Skeleton receives double-digit million amount German-Estonian battery start-up Skeleton raises fresh capital to drive the development of alternative storage technology in Germany.

Janina Gerhardt

News ubiMaster secures 7 million euros Series A funding Bayern Kapital invests in digital education. By investing in ubiMaster, the Free State of Bavaria is promoting an innovative offer for flexible, extracurricular learning support.

News eeden receives 18 million euros eeden starts scaling up. The recycling start-up secures Series A financing for the construction of a demonstration plant and new industrial partnerships.

News BRYGHT receives 500,000 euros in pre-seed financing New platform for creators: BRYGHT receives capital from 9elements, NRW.BANK and other partners to redesign social media.

News Vivid launches bond-based investment offer for business customers Putting capital to work for companies: Vivid launches the new "Interest Strategies" program with professionally managed portfolios and flexible investment options.

News Talent2Go takes over wörk Strategic milestone for Talent2Go! The acquisition of wörk turns the platform into a complete digital solution for promoting young talent.

News ARX Robotics secures 31 million euros ARX Robotics wants to strengthen European defense sovereignty with 31 million euros in fresh capital. The founders are focusing on autonomous ground vehicles and an AI-based operating system.

News "Die Höhle der Löwen" starts with new ideas and a farewell atmosphere "Die Höhle der Löwen" starts the new spring season: five start-ups present their ideas, from skin care with cold plasma to sustainable seasoning sauces. Three investors say goodbye.

News DXI secures pre-seed funding The team around founders Frank Rauchfuß and Stefan Trebbin secures funding from HTGF and business angels to set a new standard for digital customer twins with PersonaX®.

News Startupnews KW 17 - 2025 charles launches GDPR-compliant AI agents for WhatsApp. capacura takes over Krankenhaus.de. Hannah Metzger becomes Force for Good & Corporate Communication Senior Project Manager. Datadog takes over Metaplane. Verena...

News Cloud Capital launches with 7.7 million US dollars in seed financing Serial SaaS founders launch FinTech platform for cloud spending. Focus on financial control via cloud infrastructure.