LuminAID - About the company
LuminAID is an acquired company based in Chicago (United States), founded in 2010 by Anna Stork and Andrea Sreshta. It operates as a Solar lanterns and phone chargers for disaster relief and everyday use. LuminAID has raised an undisclosed amount in funding from Victor Capital Partners. The company has 445 active competitors, including 7 funded and 13 that have exited. Its top competitors include companies like UpEnergy, GRE Renew Enertech and Boond.
Company Details
Solar lanterns and phone chargers for disaster relief and everyday use. They provide safe, sustainable light and power solutions. The company designs inflatable solar lanterns and phone chargers that pack flat for cost-effective distribution. These rechargeable lanterns are lightweight, easy to use, and a safer alternative to hazardous options. They work with humanitarian partners to send lights to those in need through a Give Light program, earmarking solar lanterns or phone chargers for specific causes. Their products are suitable for camping, emergency preparedness, and everyday use, illuminating daily life and bringing people together. They offer a range of products including power lanterns, solar lanterns, and accessories. They are committed to making a tangible impact for those who need it most, supporting disaster relief, refugee relief, and other humanitarian efforts.
- Website
- luminaidlab.com
- Email ID
- *****@luminaid.com
Key Metrics
Founded Year
2010
Location
Chicago, United States
Stage
Acquired
Latest Funding Round
Investors
Ranked
7th among 445 active competitors
Employee Count
4 as on Dec 31, 2021
Exit Details
Acquired by Adventure Ready Brands (Nov 22, 2021)
Legal entities associated with LuminAID
LuminAID is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
Luminaid Lab Llc CIN: 80-0700376 , United States, Active | Dec 31, 2009 | - | - | - |
LuminAID's acquisition details
LuminAID got acquired by Adventure Ready Brands on Nov 22, 2021.
Click here to take a look at LuminAID's acquisition in detail
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LuminAID's funding and investors
LuminAID has raised funding over 2 rounds. Its first funding round was on May 29, 2012. Its latest funding round was a Seed round on Jan 2019 for $*****. 1 investor participated in its latest round. LuminAID has 2 institutional investors.
Here is the list of recent funding rounds of LuminAID:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jan 2019 | 3035420 | Seed | 5946382 | 2807117 | 3359881 | 8391148 |
May 29, 2012 | 9281724 | Grant (prize money) | 4976155 | 8799703 | 8910418 |
View details of LuminAID's funding rounds and investors
LuminAID's founders and board of directors
Founder? Claim ProfileThe founders of LuminAID are Anna Stork and Andrea Sreshta.
Here are the details of LuminAID's key team members:
- Anna Stork: Co-Founder of LuminAID. Contact Info: 1 email address
- Andrea Sreshta: Co-Founder of LuminAID. Contact Info: 1 email address
View details of LuminAID's Founder profiles and Board Members
LuminAID's employee count trend
LuminAID has 4 employees as of Dec 21. The total employee count is 33.0% lower than what it was in Dec 20. Here is LuminAID's employee count trend over the years:
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LuminAID's Competitors and alternates
Top competitors of LuminAID include UpEnergy, GRE Renew Enertech and Boond. Here is the list of Top 10 competitors of LuminAID, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Rural solar electrification and promoting clean energy | - | 57/100 | ||
2nd | GRE Renew Enertech 1999, Ahmedabad (India), Public | Manufacturer of solar panels and indoor LED lights | $389K | 48/100 | |
3rd | provider of solar products | $452K | 43/100 | ||
4th | Mpowerd 2012, New York City (United States), Acquired | BioLite: Outdoor gear, power solutions, and lighting for adventures | $700K | 39/100 | |
5th | Solar solutions for rural communities | $500K | 37/100 | ||
6th | Hygrid Solar 2014, Delhi (India), Unfunded | Manufactures lighting products and water heaters | - | - | 36/100 |
7th | LuminAID 2010, Chicago (United States), Acquired | Solar lanterns and phone chargers for disaster relief and everyday use | - | 36/100 | |
8th | SPJ Solar Technology 2013, Ghaziabad (India), Deadpooled | Manufacturer of solar luminaries | - | - | 35/100 |
9th | Pegasus Semiconductor 2004, Ahmedabad (India), Seed | Provider of LED and solar based lighting solutions | $147K | 35/100 | |
10th | We Care Solar 2009, Berkeley (United States), Unfunded | Solar lighting products for remote areas | - | - | 35/100 |
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LuminAID's Investments and acquisitions
LuminAID has made no investments or acquisitions yet.
Reports related to LuminAID
Here is the latest report on LuminAID's geography:
News related to LuminAID
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•
Adventure Ready Brands Acquires Outdoor, Emergency Lighting Brand, LuminAIDPR Newswire•Jan 01, 2019•LuminAID
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