Luminovo GmbH - productronica Fast Forward 2021

At Luminovo, we bring innovations faster to everyone by reducing the time and resources needed to go from an idea to a market-ready electronic product – currently offering the software solutions LumiQuote and Stackrate, and ultimately building the next-gen electronics software suite. With our skillset of intelligent software and deep learning, we aim to simplify and accelerate electronics development. LumiQuote and Stackrate do this by digitizing and automating the quotation process of EMS companies and PCB manufacturers, shortening weeks of work down to minutes. By facilitating seamless communication, companies can offer more competitive prices and increase their customer's satisfaction.

Company Description:

Video Pitch:

Country

Germany

Year Founded

2017

Company Phase

Selling Phase

Please specify in what phase you are!

We are currently pushing the sales of LumiQuote and Stackrate at full speed in the DACH region and in first selected European markets. After having decided to pivot into a product-oriented SaaS start-up about two years ago, we have released the beta version of LumiQuote in February 2021 with innovative early adopters to further improve our product. Since then, we constantly added new features to LumiQuote to offer a unique first-class quotation and sourcing tool for EMS. Up to date, it is already used by over 25 customers in the electronics manufacturing space. Recently, we acquired Electronic Fellows, which has developed a state-of-the-art DfM and quotation tool for PCB suppliers.

Number of employees

25-50

Existing Sponsors & Partners

Investors: La Famiglia VC, Cherry Ventures -- Data Providers: Orbweaver, Octopart, Sourcengine -- Suppliers: Arrow, Rutronik, Farnell, Digi-Key, Future Electronics, Avnet, Allied, Bürklin, Gudeco Elektronik, Heilind Electronics, Master Electronics, Newark, RS Components, Sager Electronics, Schukat Eletronic, TME Electronic Components, TTI Inc.

Did you get funding?

Yes, Investors

Investment needed?

Yes, in the near future

Milestones

Sebastian Schaal, one of our founders, has won the renowned "Manager of the Year" Award of the trade magazine "Markt&Technik" in the category "Startup". In the now seventh edition of the award, a total of over 7,000 experts from the electronics industry voted and chose the best managers in eight different categories. In addition, Luminovo's founding team has been awarded by various accelerators such as Xpreneurs, Plug & Play, Nvidia Inception and LMU Entrepreneurship.