Funding

Lumo Bodytech raises $10M in Series B

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What does Lumo Bodytech do?

Lumo Bodytech, is a technology platform which leverages smart sensors and software for optimizing performance and addresses human biomechanics. The company is the maker of the Lumo Lift posture coach and Lumo Run smart shorts. The company develops smart sensors and software for optimizing human potential and empowering users to be the best version of themselves. The company’s 2 products provide actionable feedback to encourage the users to stand tall and move more towards an active and healthier lifestyle. The company’s Bodytech Biomechanics wearbles platform is combo of software, hardware and data which will enable the companies in integrating human body movements into the next gen of wearable technology.

How much Lumo Bodytech was funded?

LumoBodytech raised $10M in Series B funding on November 3rd, 2015 from Eli Harari, WuXi Healthcare Ventures, AME Cloud Ventures, Innovalue, Madrona Venture Group and Innovation Endeavors.

Previous funding

  • $1.1M Seed fund on April, 2012 from Morado Venture Partners
  • $5M in Series A on December 19, 2012 from Innovation Endeavors, AME Cloud Ventures, Madrona Venture Group
  • $1M product crowdfunding on February 6, 2014

What is next for Lumo Bodytech?

Lumo Bodytech is now entering the next phase of the wearable industry, one where companies like it will harness lab quality data and real time coaching for solving meaningful health issues and support the behaviour change. The company plans to use the funding raised in the latest round for delivering a wearables platform which will ultimately help people in addressing significant health, performance and wellness issues. It has launched the Lumo Run smart shorts successfully just before it has announced its new financing.

More about Lumo Bodytech

Lumo Bodytech was founded in 2011 by Monisha Perkash, Andrew Chang and Charles Wang. It has its headquarters in Palo Alto, CA. The company’s tech platform leverages algorithms, smart sensors and software for optimizing performance and addressing human biomechanics through the real time tracking of body movement.

 

 

 

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