About Luminar Ventures
Luminar Ventures is a venture capital firm founded in 2017. It is primarily based out of Stockholm, Sweden. As of Jun 2026, Luminar Ventures is an active investor, having invested in 54 companies, with 3 new investments in the last 12 months. It primarily invests in Seed round in Sweden based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Consumer. Most recently it participated in the $***** Seed round of Fika Jobs Overall, Luminar Ventures portfolio has seen 1 IPO and 4 acquisitions including key companies like Normative, Teemyco and Muninn AI. A lot of funds co-invest with Luminar Ventures, with names like Brightly Ventures sharing a substantial percentage of its portfolio. Luminar Ventures has team of 12 people including 7 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 1 more
Portfolio IPOs
Portfolio Soonicorns
Luminar Ventures' List of Top Investments
Luminar Ventures has a portfolio of 54 companies. Their most notable investments are in ReCarber and Muninn AI.Their portfolio spans across Sweden, United States, Norway and 3 more locations. They have invested in Enterprise Applications, High Tech, Consumer and 22 other sectors, across stages such as Seed, Series A and 1 more. Here is the list of top investments by Luminar Ventures:1. Instabridge
Instabridge is building a crowdsourced wi-fi hotspot network where the users can connect to the network through its mobile app. The users can look at the wi-fi hotspots in their location which are shared by other users and automatically connects to the hotspot without any set-up or password requirement. The internet surfing is free. It claims to have 1M secure and up to date wi-fi hotspots on its network and have 2M customers.
Key facts about Instabridge
- Founded Year: 2012
- Location: Stockholm (Sweden)
- Stage: Series A
- Total Funding till date: $8M
- Employee Count: 26 as on Sep 30, 2026
- Investors: GP Bullhound, Draper and 9 Others
- Latest Funding Round: Series A, Apr 10, 2018, $*****
- Highlight: Editors' Pick
2. Mynt
Provider of corporate cards and expense management platform with accounting integration. The platform offers features such as automated receipt handling, mileage tracking, and per diem management. It facilitates the registration, management, and reimbursement of private expenses. The platform provides tools for expense analysis and budget control.
Key facts about Mynt
3. Pley
Mobile game distribution platform expanding games to web for increased revenue. It empowers mobile game developers to broaden their reach and boost revenue by seamlessly porting games to web browsers. The platform offers a comprehensive suite of developer tools, including a Unity SDK, for easy integration and management. It provides game distribution across multiple web gaming channels, eliminating extra integration or maintenance. The platform offers web playable options, webshops, and game sites. It provides a mature platform with SDK and documented APIs to migrate and maintain mobile games on the web. It offers authentication, analytics, and payment solutions. It is a B2B, SaaS platform for mobile game developers.
Key facts about Pley
- Founded Year: 2013
- Location: Santa Clara (United States)
- Stage: Series B
- Total Funding till date: $16.8M
- Employee Count: 27 as on Sep 30, 2026
- Investors: Western Technology Investment, Floodgate and 8 Others
- Latest Funding Round: Series B, Feb 03, 2015, $*****
- Highlight: Editors' Pick
4. Yazen
Digital obesity clinic offering weight loss through modern pharmaceutical treatment. The platform combines treatment with modern weight loss medication and a team of doctors, dieticians, psychologists, and personal trainers.
Key facts about Yazen
- Founded Year: 2021
- Location: Lund (Sweden)
- Stage: Series B
- Total Funding till date: $80.5M
- Employee Count: 163 as on Sep 30, 2026
- Investors: Almaz Capital, Evli Growth Partners and 7 Others
- Latest Funding Round: Series B, Oct 08, 2026, $*****
- Highlight: Editors' Pick
5. Heja
Heja is a mobile app for managing sports teams. The app offers features such as instant messaging between the users, activities coordination, calendar, and appointment management. The app allows users to share their moments via the app.
Key facts about Heja
- Founded Year: 2016
- Location: orebro (Sweden)
- Stage: Seed
- Total Funding till date: $6.9M
- Employee Count: 56 as on Sep 30, 2026
- Investors: Inbox Capital, Bonnier Capital and 7 Others
- Latest Funding Round: Seed, Jun 07, 2021, $*****
- Highlight: Editors' Pick
Luminar Ventures' Year-on-Year Investment Trends
Luminar Ventures has invested in 54 companies over the last 8 years, with an average of 4 new investments annually in the last 5 years. In 2025, it made 5 investments, while as of Jun 2026, it has made 4 investments in this year. Its most recent first time investment was in Fika Jobs and most recent follow-on round was in Photoncycle.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 3 | 1 | 4 |
2025 | 5 | 0 | 5 |
2024 | 5 | 1 | 6 |
2023 | 2 | 1 | 3 |
2022 | 6 | 0 | 6 |
2021 | 5 | 9 | 14 |
2020 | 9 | 3 | 12 |
2019 | 5 | 0 | 5 |
2018 | 4 | 0 | 4 |
Luminar Ventures' Investments by Stage
Luminar Ventures has made 30 investments in Seed stage with an average round size of $2.33M, 13 investments in Series A stage with an average round size of $6.56M and 1 investment in Series B stage with an average round size of $14.9M.Stage of entry | No. of Investments |
|---|---|
Seed | 30 |
Series A | 13 |
Series B | 1 |
Note: We have considered here, only first round of investments
Luminar Ventures' Investments by Sector
Luminar Ventures has a diverse portfolio, with companies operating in the Enterprise Applications, Consumer, High Tech, FinTech and Enterprise Infrastructure. Notably, it has invested in 48 Tech companies, 36 Enterprise (B2B) companies, 33 Software companies and at least 19 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 23 |
Consumer | 10 |
High Tech | 8 |
FinTech | 7 |
Enterprise Infrastructure | 5 |
Others | 46 |
Note: We have considered here, only first round of investments
Luminar Ventures' Investments by Geography
Luminar Ventures has made most investments in Sweden (35), followed by Norway where it has made 3 investments.Country | No. of Investments |
|---|---|
Sweden | 35 |
Norway | 3 |
Denmark | 2 |
United States | 2 |
Iceland | 1 |
Others | 1 |
Note: We have considered here, only first round of investments
Luminar Ventures' recent investments
Luminar Ventures has made 4 investments in 2026 so far. Fika Jobs and Redpine are the latest among them.Here are the most recent investments by Luminar Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jun 23, 2026 | Sweden | Seed | 2696 | [+2] | |
Apr 28, 2026 | Sweden | Seed | 8477 | [+4] | |
Mar 04, 2026 | Norway | Series A | 5479 | [+4] | |
Feb 02, 2026 | Sweden | Seed | 8664 | [+1] | |
Oct 10, 2025 | Sweden | Seed | 7953 | [+2] |
IPOs and Publicly Listed companies in Luminar Ventures' Portfolio
1 of Luminar Ventures' portfolio company became public - Albacross.Here are Luminar Ventures' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
- | May 11, 2018 | Seed | 8314 |
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Acquired companies in Luminar Ventures' Portfolio
4 companies from Luminar Ventures' portfolio have been acquired. The most recent acquisition was Normative in Sep 2026 by Greenly for $*****.Here are Luminar Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Sep 11, 2026 | Sep 18, 2019 | Seed | 2057 | |
Feb 18, 2026 | Sep 04, 2020 | Seed | 4788 | |
Oct 02, 2024 | Aug 18, 2022 | Seed | 1694 | |
Mar 14, 2022 | Jun 05, 2020 | Seed | 6841 |
Team profile of Luminar Ventures
Luminar Ventures has a team of 12 members including 7 Partners located in Sweden and Malta. Luminar Ventures' team does not sit on the board of any company as of now.Here is a list of top team members in Luminar Ventures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Sweden | - | ||
Partner | Sweden | - | - | |
Partner | Lidingo | - | - | |
Partner | Stockholm | - | ||
Partner | Sweden | - | ||
Partner | Sweden | - | ||
Partner | Sweden | - | - |
Co-investors of Luminar Ventures
Over the past 8 years, 184 investors have co-invested in Luminar Ventures's portfolio companies. This includes funds and angels.
- Invested before Luminar Ventures: Sting, MOOR Capital and 41 others have invested in rounds before Luminar Ventures. There are 2 companies where Sting has invested before Luminar Ventures and 1 company where MOOR Capital has invested before Luminar Ventures.
- Top Co-investors of Luminar Ventures: 78 investors entered a company along with Luminar Ventures. These include investors like Brightly Ventures (4 companies).
- Invested after Luminar Ventures: A total of 63 investors have invested in Luminar Ventures's portfolio after their investments. Top Investors include CNI (3 companies), 2150.VC (2 companies) and Bonnier Capital (2 companies).
Recent News related to Luminar Ventures
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Fika Jobs Raises $4M Pre-seed Funding for AI-Powered Video Hiring PlatformThe SaaS News•Jun 24, 2026•Fika, Luminar Ventures
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Sweden LegalTech Startup Lightbringer Raises €8.6 Million in Series A FundingStartup Rise EU•Jun 16, 2026•Lightbringer, 6 Degrees Capital, Newion, Luminar Ventures and 1 other
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Redpine raises €6.8M from NordicNinja to build data infrastructure for the agentic AITech Funding News•Apr 28, 2026•Redpine, NordicNinja, Node Ventures, Luminar Ventures
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Oslo’s Photoncycle raises €15 million to enable households to store surplus summer solar power for winter useEU-Startups•Mar 04, 2026•Photoncycle, NordicNinja, Voima Ventures, Thenordicventure and 4 others
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Swedish AI Startup Berget AI Secures €2.1 M FundingStartup Rise EU•Feb 03, 2026•Berget, Norrsken Evolve, Wellstreet, Luminar Ventures
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FirstQFM raises €1.2M to accelerate commercial quantum computing with proprietary foundation modelsEU-Startups•Oct 10, 2025•BSV Ventures, Luminar Ventures, Almi, First QFM and 3 others
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Opper AI Secures €2.5 Million in Pre-Seed Round to Enhance AI DevelopmentStartup Rise EU•Jul 14, 2025•Opper, Luminar Ventures, Green Capital S.A., Emblem
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Opper AI secures €2.5M to enhance AI infrastructure reliability for developers.EU-Startups•Jul 14, 2025•Opper, Luminar Ventures, Emblem, Green Capital group
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GenAI animation startup Motorica raises $5.8M led by Angular VenturesGame Developer•Jun 25, 2025•Angular Ventures, Luminar Ventures, Motorica
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Swedish firm Motorica secures $5.3m for AI character animationTech in Asia•Jun 25, 2025•Luminar Ventures, Angular Ventures, Motorica
