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Venture Capital
FINANCIAL | Investment Firms & Funds
luminaricapital.com

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Investments

18

Portfolio Exits

5

Funds

2

Service Providers

1

About Luminari Capital

Luminari Capital is an investment fund focused on digital media and video.

Luminari Capital Headquarter Location

300 Hamilton Avenue 4th Floor

Palo Alto, California, 94301,

United States

650-308-9907

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Luminari Capital Web Traffic

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Page Views per Million (PVPM)
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Luminari Capital Rank

Latest Luminari Capital News

Roku early investor on stock’s success: ‘Roku has executed very well’

Jun 18, 2021

Roku Inc ( NASDAQ: ROKU ) made it clear that it wants to expand its footprint in content and distribution as it acquired Quibi’s content at the start of 2021. Commenting on its potential to compete with the giants like Netflix and Disney in this space, founder of Luminari Capital, Daniel Leff, said on CNBC’s “TechCheck”: “Roku has executed very well over its history and gone into the direction of acquiring very specific and strategic content for the platform, including Quibi for $100 million (£72.44 million) or less. I think as long as Roku is careful about building that content portfolio and not alienating its great content partners, it can succeed. They’ve recently raised a significant amount of capital, and that is rumoured to be primarily for content.” Daniel says Roku needs to follow Spotify in its footsteps Are you looking for fast-news, hot-tips and market analysis? According to Daniel, Roku needs to follow Spotify in its footsteps. The audio streaming and media services provider has great relationships with the music labels – its primary content partners – but has recently started producing and acquiring content as well. “Roku can’t be competing directly against Netflix, and Amazon Prime Video etc. and their to-date content acquisitions show that. So, they’ve acquired the Quibi catalogue that’s content that is not viewable anywhere else. It’s exclusive, it’s a very different type of content, targeting a very different demo than something like Netflix or HBO. As long as they continue along those lines, they’ll maintain phenomenal relationships with their content partners,” he added. Daniel is an early Roku investor who also sat on the board. Roku reported its quarterly financial results in May In its latest fiscal quarter, Roku topped Wall Street estimates . It added 2.4 million active accounts in the first quarter that brought its total to 53.6 million. For Q2, the Los Gatos-based company now forecasts up to $620 million of revenue. “Advertisers continued to follow audiences and move budgets into TV streaming, with Roku’s monetised video ad impressions more than doubling year-over-year,” Roku said last month in a letter to shareholders. Roku closed the regular session about 5% up on Friday. Including the price action, the stock is now exchanging hands at $368 per share versus a year-to-date high of $469 per share in mid-February. Roku had started the year 2021 at a much lower $318 per share. At the time of writing, it has a market cap of more than $48 billion and a price to earnings ratio of 452.13. Invest in crypto, stocks, ETFs & more in minutes with our preferred broker,

Luminari Capital Investments

18 Investments

Luminari Capital has made 18 investments. Their latest investment was in MikMak as part of their Series A on August 8, 2020.

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Luminari Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

8/3/2020

Series A

MikMak

$10M

Yes

2

9/20/2019

Seed VC

HeyMama

Yes

4/11/2019

Series D

SparkFund

$16.53M

Yes

1

10/30/2018

Series C

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$99M

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10

4/18/2018

Series D

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$99M

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10

Date

8/3/2020

9/20/2019

4/11/2019

10/30/2018

4/18/2018

Round

Series A

Seed VC

Series D

Series C

Series D

Company

MikMak

HeyMama

SparkFund

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Amount

$10M

$16.53M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

2

1

10

10

Luminari Capital Portfolio Exits

5 Portfolio Exits

Luminari Capital has 5 portfolio exits. Their latest portfolio exit was The Athletic on January 06, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

1/6/2022

Acquired

$99M

27

7/22/2021

Reverse Merger

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$99M

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10

3/23/2020

Reverse Merger

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10

1/22/2019

Acquired

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$99M

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10

9/28/2017

IPO

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$99M

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10

Date

1/6/2022

7/22/2021

3/23/2020

1/22/2019

9/28/2017

Exit

Acquired

Reverse Merger

Reverse Merger

Acquired

IPO

Companies

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Valuation

$99M

$99M

$99M

$99M

Acquirer

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Sources

27

10

10

10

10

Luminari Capital Fund History

2 Fund Histories

Luminari Capital has 2 funds, including Luminari Capital I.

Closing Date

Fund

Fund Type

Status

Amount

Sources

1/30/2015

Luminari Capital I

Early-Stage Venture Capital

Open

$30.63M

3

WL FuboTV

10

Closing Date

1/30/2015

Fund

Luminari Capital I

WL FuboTV

Fund Type

Early-Stage Venture Capital

Status

Open

Amount

$30.63M

Sources

3

10

Luminari Capital Service Providers

1 Service Provider

Luminari Capital has 1 service provider relationship

Service Provider

Associated Rounds

Provider Type

Service Type

Counsel

Service Provider

Associated Rounds

Provider Type

Counsel

Service Type

Partnership data by VentureSource

Luminari Capital Team

1 Team Member

Luminari Capital has 1 team member, including current Founder, Managing Partner, Daniel Leff.

Name

Work History

Title

Status

Daniel Leff

Globespan Capital Partners, 180 Degree Capital, Sevin Rosen Funds, Redpoint Ventures, and Intel

Founder, Managing Partner

Current

Name

Daniel Leff

Work History

Globespan Capital Partners, 180 Degree Capital, Sevin Rosen Funds, Redpoint Ventures, and Intel

Title

Founder, Managing Partner

Status

Current

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