Funding round
Luma AI Seed
Luma AI, which works in AI video generation platform development in Palo Alto, raised $4.3M in a Seed round announced on 1 Oct 2021, led by Matrix Partners. 5 firms took part. It is Luma AI's first venture round on record.
$4.3M
Amount raised
Not disclosed
Post-money valuation
5
Investors
1 lead
Valuation
What this round says about the price
Luma AI did not disclose a valuation in this round. It is Luma AI's first venture round on record, in the year it was founded (2021). It is under 1% of the $967M Luma AI has raised in the venture rounds on record. Luma AI raised again 17 months later: a Series A round of $20M in Mar 2023. Its next priced round, a Series B in Jan 2024, valued it at $200M.
Luma AI's funding rounds
Luma AI has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
Matrix Partners led the round with 4 other firms.
Lead investor
- Matrix Partners new investor
Also in the round
- backs 60 venture-backed companies new investor
- Amplify Partners new investor
- Context Ventures new investor
- RFC new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development and scaling operations.
- Product development
- Scaling operations
Comparable rounds
How it compares
2,444 Seed rounds in Tech Companies within a year either side disclosed an amount; the median was $3.1M, and this round was 1.4 times the median. The closest in time, other companies' Seed rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 24 Oct 2021 | $109M | $1.55B | not named |
| Tech Companies | 19 Oct 2021 | $22M | not disclosed | Group 11 |
| Tech Companies | 1 Oct 2021 | $15M | not disclosed | not named |
| Tech Companies | 10 Oct 2021 | $14M | not disclosed | Sequoia Capital India |
| Tech Companies | 28 Oct 2021 | $13M | not disclosed | EQT Ventures |
| Multiverse Computing Tech Companies | 22 Oct 2021 | $12M | not disclosed | JME Ventures |
| Tech Companies | 5 Oct 2021 | $9.3M | not disclosed | M12 |
| Tech Companies | 6 Oct 2021 | $9.0M | not disclosed | Pioneer Square Labs |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Luma AI raise in its Seed round?
Luma AI raised $4.3M in its Seed round, announced in Oct 2021.
Who led Luma AI's Seed round?
Matrix Partners led it, with South Park Commons, Amplify Partners, Context Ventures and RFC.
What was Luma AI's valuation at the Seed round?
It was not disclosed.
How does it compare with other Seed rounds in Tech Companies?
2,444 Seed rounds in Tech Companies within a year either side disclosed an amount; the median was $3.1M, and this round was 1.4 times the median.
Did Luma AI raise again after this round?
Yes: a Series A round in Mar 2023 of $20M.