Lumo Bodytech Raises $10M

Lumo Bodytech a Palo Alto, California based startup that offers posture and activity tracking devices, has recently raised $10 million in a round led by WuXi Healthcare Ventures. Existing investors Madrona Venture Group, Innovation Endeavors, AME Cloud Ventures, and Innovalue Capital also participated in the round.

This $10 million brings the company’s total funding till date to $16 million out of which $2 million come from crowdfunding campaigns.

Lumo, founded in 2011, launched it first device (a posture-sensing wearable that was worn on the lower back) with a Kickstarter crowdfunding campaign earlier that year and the last funding round was in 2012. Then Lumo launched its second offering, a smaller, posture sensor (Lumo Lift) in e early 2014.


Lumo is reported to utilize the recently generated funds to support its new b2b offering, Lumo Platform, which is a white-labeled version of Lumo’s tech available to apparel, fitness, health, and workplace safety industries.

Businesses interested in Lumo’s products can pick and choose from a variety of the company’s offerings, including storage and predictive analytics; the Lumo Kit API, which connects data from hardware to the cloud; Lumo’s algorithms, which measure biomechanical movement; and Lumo’s hardware.

Lumo though getting more into B2B market is still have majore focus in direct-to-consumer roots and a new wearable, Lumo Run which company launched a couple of weeks back is one such example.

If you enjoyed this post, please consider sharing the word!

You might also like

LISNR Raises $10 Million in a Series B Round
Smart tone startup LISNR just raised a $10 million series B round. The funding round was led by Intel...
Atlas Wearables Receives $1.1 Million of Funding to Supercharge its Operations Atlas Wearabl
Atlas Wearables a revolutionary activity identification consumer wearables manufacturer receives $1.1...
Swift Navigation Raises $11M For Piksi, the Low Cost GPS Receiver
Swift Navigation Inc. has recently raised $11 million in Series A funding  round lead by Eclipse Ventures....
Carwow Raises £12.5M Series B Led by Accel
Carwow, the U.K. based platform has raised a £12.5 million Series B led by Accel. Previous investors...

Other Interesting Posts in the Category

Some Older Posts That You May Like