Luma, an Atlanta, GA-based WiFi router for the home, raised $12.5m in Series A funding.
The round was led by Accel Partners with participation from the Amazon Alexa Fund and existing investors Felicis Ventures, Base Ventures, BIP Capital, Relay Ventures, and Webb Investment Network as well as new investors David Dorman, former CEO of AT&T and 500 Startups. In conjunction with the funding, Brian O’Malley of Accel will join Luma’s board of directors.
The company intends to use the funds to expand adoption of its flagship product, expand global operations and continue R&D on its products.
Co-founded by Dr. Paul Judge and Mike Van Bruinisse, Luma provides a home WiFi system featuring cybersecurity and parental controls.
The company, which has sold more than 30,000 pre-orders with units starting to ship in June, added Matt Duffy, as vice president of supply chain, and Anil Jagarlamudi as vice president of engineering to the executive team.
FinSMEs
07/04/2016