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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.
Social
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Email ID
*****@luminaid.com
Key Metrics
Founded Year
2010
Location
Chicago, United States
Stage
Acquired
Latest Funding Round
Ranked
Employee Count
4 as on Dec 31, 2021
Similar Companies
Exit Details
Acquired by Adventure Ready Brands (Nov 22, 2021)

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
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LuminAID's founders and board of directors

Founder? Claim Profile
The founders of LuminAID are Anna Stork and Andrea Sreshta.
Here are the details of LuminAID's key team 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:
Employee count trend for LuminAID
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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:
Rank
Company Details
Short Description
Total Funding
Investors
Tracxn Score
1st
Logo for UpEnergy
UpEnergy
2011, Kampala (Uganda), Series A
Rural solar electrification and promoting clean energy
-
57/100
2nd
Logo for GRE Renew Enertech
GRE Renew Enertech
1999, Ahmedabad (India), Public
Manufacturer of solar panels and indoor LED lights
$389K
48/100
3rd
Logo for Boond
Boond
2010, Delhi (India), Seed
provider of solar products
$452K
43/100
4th
Logo for Mpowerd
Mpowerd
2012, New York City (United States), Acquired
BioLite: Outdoor gear, power solutions, and lighting for adventures
$700K
39/100
5th
Logo for EcoEnergy
EcoEnergy
2009, Karachi (Pakistan), Seed
Solar solutions for rural communities
$500K
37/100
6th
Logo for Hygrid Solar
Hygrid Solar
2014, Delhi (India), Unfunded
Manufactures lighting products and water heaters
-
-
36/100
7th
Logo for LuminAID
LuminAID
2010, Chicago (United States), Acquired
Solar lanterns and phone chargers for disaster relief and everyday use
-
36/100
8th
Logo for SPJ Solar Technology
SPJ Solar Technology
2013, Ghaziabad (India), Deadpooled
Manufacturer of solar luminaries
-
-
35/100
9th
Logo for Pegasus Semiconductor
Pegasus Semiconductor
2004, Ahmedabad (India), Seed
Provider of LED and solar based lighting solutions
$147K
35/100
10th
Logo for We Care Solar
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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FAQs about LuminAID

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