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Corporation
MOBILE & TELECOMMUNICATIONS | Telecom Devices & Equipment / Wireless Telecom Equipment
lumahome.com

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Founded Year

2014

Total Raised

$23M

About Luma Home

Luma Home is focused on providing a better home network, including fast and reliable Wi-Fi, device visibility, parental controls, and increased cybersecurity provisions. The product enables mobile access for users to directly interact with these functionalities, controlling them from within the mobile app. Luma aims to replace the home Wi-Fi router with their home hub and accompanying mobile platform. On January 12, 2018, Luma Home was acquired by Newell Brands at a valuation of $10M.

Luma Home Headquarter Location

75 5th St. NW

Atlanta, Georgia, 30308,

United States

800-684-5862

Latest Luma Home News

The 'Godfather of Atlanta tech' is helping founders eschew Silicon Valley by raising the largest fund in the Southeast

Feb 9, 2021

Paul Judge is a busy man. He's earned the moniker "Godfather of Atlanta's tech scene" by founding companies like Luma Home and Purewire, as well as investing in startups across the Southeast. Now he's partnering with Atlanta-based BIP Capital and is out raising money for Panoramic Ventures , a new fund with a $300 million goal and the mission of supporting diverse founders outside of Silicon Valley. "Atlanta and the Southeast have been on a tear for the last decade with the growth of tech startups," Judge told Insider. "The region is ready for a fund of this scale to invest in companies across stages from Seed to Series B." Judge has been in the VC world for years as a founder of early stage venture fund TechSquare Labs. He's also on the investment committee for the SoftBank Opportunity Fund, the $100 million fund launched by the investing giant in mid 2020 to back companies founded by people of color. If Panoramic Ventures reaches its targeted $300 million, it will be the largest venture fund in the Southeast. It already has verbal commitments of about $125 million, a spokesperson told Insider. The fund will also focus on companies based in the Southeast and Midwest, which Mark Buffington, cofounder of Panoramic Ventures and BIP Capital, means it will be making a conscious effort to find overlooked opportunities. "You no longer have to headquarter your startup in Silicon Valley to raise money, which is evidenced by the unicorns that the Southeast has produced over the past six months alone," Buffington said. He's referring to companies like Calendly and Greenlight Financial , who achieved billion-dollar valuations. In general, Atlanta has emerged in recent years as a burgeoning tech hotspot. Last year, the city completed nearly 100 angel and seed deals for the first time in over half a decade, according to Pitchbook . Atlanta also landed at number eight on our list of cities outside Silicon Valley to start your business. Buffington says the fund will invest across all stages in order to "uncover opportunity early and accelerate growth. "  The fund has a particular emphasis on supporting diverse founders. Less than one percent of venture capital funding goes to Black founders, and less than three percent goes to female founders, research shows. Judge said he's eager to use his experience as a long-time investor in diverse founders, as well as his personal experience as a Black entrepreneur. "It is important for diverse founders to see someone that looks like them on the other side of the table. Someone that has common experiences," he said. "This is how we unlock access to the tremendous wealth-building potential of the tech industry for a wider range of people." Read more

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Expert Collections containing Luma Home

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Luma Home is included in 6 Expert Collections, including Smart Money VCs (2017-2019).

S

Smart Money VCs (2017-2019)

6,297 items

We crunched the data to identify the 24 VC firms with the best combination of portfolio valuations and investment outcomes.

S

Smart Home Companies

339 items

C

Consumer Hardware

2,912 items

N

Network Technology

274 items

I

Internet of Things ( IoT )

3,149 items

S

Smart Home & Consumer Electronics

1,081 items

This Collection includes companies developing smart home devices, wearables, home electronics, and other consumer electronics.

Luma Home Patents

Luma Home has filed 9 patents.

The 3 most popular patent topics include:

  • Building engineering
  • Computer network security
  • Computer security
patents chart

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6/15/2017

8/27/2019

Wireless networking, Computer network security, Widget toolkits, Networking hardware, Computer security

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8/27/2019

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Wireless networking, Computer network security, Widget toolkits, Networking hardware, Computer security

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Status

Grant

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