Lumina

Lumina

Growth Stage

Lumina is building the smart home office

Lumina is building the smart home office

Overview

Raised this Round: 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    Open SEC Filing

Valuation Cap

$40,000,000

Discount

0%

Year Founded

2021

Industry

Consumer Products, Goods & Services

Tech Sector

Hardwaretech

Distribution Model

B2C

Margin

Medium

Capital Intensity

High

Location

Johnston, Iowa

Business Type

Growth

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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Lumina on Wefunder 2022
Platform: Wefunder
Security Type: SAFE
Valuation: $40,000,000

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