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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

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