Lumenco

Lumenco

Closed: Aug. 2022

About this raise

Lumenco, with a valuation of $40 million, is raising funds on Silicon Prairie Online. The company is launching various patented technologies in different industries commercially. The flagship technology of Lumenco is its patented micro lens anti-counterfeiting technology being launched in currencies throughout the world. Lumenco works only in the protected IP space and has partnered with some of the largest banknote companies in the world. Mark Raymond founded Lumenco in April 2013. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $250,000. The campaign proceeds will be used for IP protection, marketing, and commercializing EMI shielding.

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Investment Overview

Not Funded: $0

Deal Terms

Total Commitments

Platform
Silicon Prairie Online
Start Date
07/15/2022
Close Date
08/31/2022
Min. Goal
$25,000
Max Goal
$250,000
Min. Investment

$1,000

Security Type

Equity - Preferred

Company Stage

Growth Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.00

Pre-Money Valuation

$40,000,000

Company & Team

Company

Year Founded
2013
Industry
Business Services, Software, & Applications
Tech Sector
EnterpriseTech
Distribution Model
B2B
Margin
Medium
Capital Intensity
Low
Location
Englewood, Colorado
Business Type
Growth
Company Website
Visit Website

Team

Employees
6
Prior Founder Exits?
No
Founder Name
Mark Raymond
Title
CEO

Funding data not publicly available

Financials

 Revenue
$1,955,789
 Monthly Burn
$12,496
 Runway
24+ months
 Gross Margin
91%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$1,955,789

$0

COGS

$175,123

$206,733

Tax

$0

$0

 

 

Net Income

$-149,956

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$333,628

$74,224

Accounts Receivable

$44,367

$214,845

Total Assets

$489,019

$397,111

Short-Term Debt

$888,787

$653,133

Long-Term Debt

$408,784

$539,532

Total Liabilities

$1,297,571

$1,192,665

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$2,000,000
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
08/31/2022 Silicon Prairie Online $40,000,000 $0 Equity - Preferred Not Funded RegCF
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Add to portfolio
Lumenco on Silicon Prairie Online 2022
Platform: Silicon Prairie Online
Security Type: Equity - Preferred
Valuation: $40,000,000
Price per Share: $1.00

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Follow Lumenco on Silicon Prairie Online 2022

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