Lumia Secures $7 Million In Funding Led By J2 Ventures And BonAngels Venture Partners
Building Size
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Asset Type
—
Closing
Jan 31, 2025
About this deal
AI
Lumia has successfully secured $7 million in funding from J2 Ventures, BonAngels Venture Partners, and notable angel investors. This latest investment follows $5.1 million in government contracts and grants, which elevates the company's total funding to $17.2 million.
Summary of transaction details:
- Deal Type: Investment
- Transaction Amount: $7,000,000
- Total Raised: $17,200,000
- Founders: Daniel Lee & Paul Jin
- Investors: J2 Ventures & BonAngels Venture Partners
Lumia, founded in early 2020 by ex-Bose engineers Daniel Lee and Paul Jin, has introduced Lumia 2, the world's first smart earrings designed to continuously track real-time blood flow to the head. The device aims to provide insights into energy, focus, and mental clarity, along with features for sleep, temperature, menstrual cycle, and readiness tracking.
Players
Market CRE Market Snapshot
Boundary boundary · CRE · Raise transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93