Lumos secures $35M in Series B funding led by Scale Venture Partners to unify the SaaS and Identity Management Industries.
May 23, 2024•about 1 year ago
Amount Raised
$35 Million
Round Type
series b
Investors
NeoHarpoon VenturesAndreessen HorowitzScale Venture Partners
Description
Lumos, a software company centralizing the management of apps and identities for IT and security teams, announced its $35M Series B financing led by Scale Venture Partners with participation from Andreessen Horowitz, Harpoon Ventures, Neo and others. Lumos revenue has grown 9x since its last fundraise, and has won over top enterprise customers like Pinterest, MongoDB, and GitHub.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech