Lumina
Growth Stage
Lumina is building the smart home office
Overview
Raised: $485,749
Total Commitments ($USD)
Platform
Wefunder
Start Date
05/10/2022
Close Date
07/27/2022
Min. Goal
$50,000
Max. Goal
$1,070,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$40,000,000
Discount
0%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
07/30/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$6,308
# of Investors
621
Momentum
Funded
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Year Founded
2021
Industry
Consumer Products, Goods & Services
Tech Sector
Hardwaretech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
Lumina, with a valuation of $40 million, is raising funds on Wefunder. The company aims to reinvent the home office for the modern era of remote work. It is building the smart home office that is beautifully designed, seamlessly integrated, and powered by AI. Lumina has demonstrated a 400% valuation growth in ten months with a $3 million run rate growing at 20% month-over-month. Raymond Lei and Mike Xia founded Lumina in January 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1,070,000. The campaign proceeds will be used for product development, hiring, and marketing of new products.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$1,101,598 |
$0 |
|
COGS |
$300,015 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-119,862 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$62,122 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$411,054 |
$0 |
|
Short-Term Debt |
$49,268 |
$0 |
|
Long-Term Debt |
$81,568 |
$0 |
|
Total Liabilities |
$130,836 |
$0 |
Financials as of: 05/10/2022
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