About Luminar Ventures
Luminar Ventures is a venture capital firm founded in 2017. It is primarily based out of Stockholm, Sweden. As of Mar 2026, Luminar Ventures is an active investor, having invested in 48 companies, with 6 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 HealthTech. Most recently it participated in the $***** Series A round of Photoncycle Overall, Luminar Ventures portfolio has seen 1 IPO and 3 acquisitions including key companies like Teemyco, Albacross 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 19 people including 9 partners.Key Metrics
Team Members
Portfolio Sectors
Rounds of Entry
Seed, Series A & 1 more
Portfolio IPOs
Deals in last 12 months
Luminar Ventures' List of Top Investments
Luminar Ventures has a portfolio of 48 companies. Their most notable investments are in ReCarber and Muninn AI.Their portfolio spans across Sweden, Norway, United States and 3 more locations. They have invested in Enterprise Applications, High Tech, HealthTech and 21 other sectors, across stages such as Seed, Series A and 1 more. Here is the list of top investments by Luminar Ventures:
1. 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
2. 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: 57 as on Jan 31, 2026
- Investors: Inbox Capital, Max Ventures and 7 Others
- Latest Funding Round: Seed, Jun 07, 2021, $*****
- Highlight: Editors' Pick
3. Insurely
Online platform for insurance data insights. It offers users to collect, structure, and deliver real-time insurance data within P&C, life, and occupational pensions. It also offers personalized insights on renewal dates, gaps in coverage, and sales support tools.
Key facts about Insurely
- Founded Year: 2018
- Location: Stockholm (Sweden)
- Stage: Series A
- Total Funding till date: $29.3M
- Employee Count: 62 as on Mar 31, 2026
- Investors: Alfvén & Didrikson, Insight Partners and 7 Others
- Latest Funding Round: Convertible Debt, Dec 12, 2023, $*****
- Highlight: Editors' Pick
4. 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: 7 as on Jul 01, 2024
- Investors: Creandum, GP Bullhound and 9 Others
- Latest Funding Round: Series A, Apr 10, 2018, $*****
- Highlight: Editors' Pick
5. 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 A
- Total Funding till date: $24.5M
- Employee Count: 51 - 200 as on Jul 16, 2025
- Investors: Almaz Capital, Evli Growth Partners and 4 Others
- Latest Funding Round: Conventional Debt, Feb 11, 2026, $*****
- Highlight: Editors' Pick
Luminar Ventures' Year-on-Year Investment Trends
Luminar Ventures has invested in 48 companies over the last 8 years, with an average of 4 new investments annually in the last 5 years. In 2025, it made 6 investments, while as of Mar 2026, it has made 2 investments in this year. Its most recent first time investment was in Berget and most recent follow-on round was in Photoncycle.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 1 | 1 | 2 |
2025 | 6 | 0 | 6 |
2024 | 4 | 1 | 5 |
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 28 investments in Seed stage with an average round size of $2.23M, 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 | 28 |
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, FinTech, High Tech and Enterprise Infrastructure. Notably, it has invested in 42 Tech companies, 32 Enterprise (B2B) companies, 29 Software companies and at least 16 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 21 |
Consumer | 9 |
FinTech | 7 |
High Tech | 6 |
Enterprise Infrastructure | 5 |
Others | 45 |
Note: We have considered here, only first round of investments
Luminar Ventures' Investments by Geography
Luminar Ventures has made most investments in Sweden (33), followed by Norway where it has made 3 investments.Country | No. of Investments |
|---|---|
Sweden | 33 |
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 2 investments in 2026 so far - Photoncycle and Berget.Here are the most recent investments by Luminar Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Mar 04, 2026 | Norway | Series A | 2838 | [+4] | |
Feb 02, 2026 | Sweden | Seed | 4351 | [+1] | |
Oct 10, 2025 | Sweden | Seed | 3135 | [+2] | |
Jul 14, 2025 | Sweden | Seed | 3457 | [+1] | |
Jun 24, 2025 | Sweden | Seed | 7515 |
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 | 8954 |
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Acquired companies in Luminar Ventures' Portfolio
3 companies from Luminar Ventures' portfolio have been acquired. The most recent acquisition was Teemyco in Feb 2026 by SpatialChat for $*****.Here are Luminar Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Feb 18, 2026 | Sep 04, 2020 | Seed | 6227 | |
Oct 02, 2024 | Aug 18, 2022 | Seed | 8399 | |
Mar 14, 2022 | Jun 05, 2020 | Seed | 6672 |
Team profile of Luminar Ventures
Luminar Ventures has a team of 19 members including 9 Partners located in Sweden. Luminar Ventures' team sits on the board of 1 company.Here is a list of top team members in Luminar Ventures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Stockholm | - | ||
Partner | Stockholm | - | - | |
Partner | Sweden | - | ||
Partner | Stockholm | - | - | |
Partner | Stockholm | - | ||
Partner | Stockholm | - | ||
Partner | Stockholm | - | ||
Partner | Stockholm | |||
Partner | Stockholm | - | - |
Co-investors of Luminar Ventures
Over the past 8 years, 163 investors have co-invested in Luminar Ventures's portfolio companies. This includes funds and angels.
- Invested before Luminar Ventures: KTH Holding, Sting and 32 others have invested in rounds before Luminar Ventures. There are 2 companies where KTH Holding has invested before Luminar Ventures and 2 companies where Sting has invested before Luminar Ventures.
- Top Co-investors of Luminar Ventures: 71 investors entered a company along with Luminar Ventures. These include investors like Brightly Ventures (4 companies).
- Invested after Luminar Ventures: A total of 58 investors have invested in Luminar Ventures's portfolio after their investments. Top Investors include CNI (3 companies), Bonnier Capital (2 companies) and Vor Capital (1 company).
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