.lumen funding news – Romanian-based .lumen Secures €5 Million in Funding

In addition to the €4 million donated by co-investors including the Venture to Future Fund and the European Innovation Council, SeedBlink's investment platform also raised €1 million from individual investors.

This milestone followed a pitch event on July 16, 2024, where over 600 investors gathered to hear Cornel Amariei, CEO and founder, present .lumen's innovative technology.

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The presentation captivated investors by highlighting .lumen's Glasses for the Blind, which use Pedestrian Autonomous Driving (PAD AI) technology to mimic the functionalities of a guide dog. This groundbreaking assistive technology quickly led to achieving the €1 million target.

SeedBlink, an all-in-one equity management and investment platform, facilitated the funding round. Their extensive European network and services provided the ideal environment for it to secure investments efficiently.

Cornel Amariei expressed his gratitude: “This record round on SeedBlink is a testament to the potential for innovation in Romania. Despite being ranked as the least innovative country in the EU, we believe Romania can deliver life-changing innovations to the world.”

Ionut Patrahau, Managing Partner at SeedBlink, emphasized the broader impact: “Supporting startups like .lumen is a powerful act of faith in innovation and the entrepreneurial spirit. Their work empowers blind individuals with mobility and independence, transforming lives and building a legacy of progress and inclusivity.”

The funds will support it's strategic roadmap, including a limited-series launch in Q4 2024 and entry into the USA market in Q4 2025. The company aims to sell 10,000 units by the end of 2026, enhancing the independence and safety of visually impaired individuals worldwide.

About .lumen

.lumen is a pioneering Romanian startup dedicated to enhancing pedestrian mobility through innovative technology. Their flagship product, it's Glasses, and the underlying PAD AI technology provide visually impaired individuals with unprecedented levels of independence and safety. Founded by Cornel Amariei, .lumen is committed to creating technology that changes lives.