Munich – Munich-based software start-up Luminovo has raised around EUR 11 million in a seed round of financing to drive forward key innovations. The AI-powered software suite helps electronics companies bring vital innovations to market faster, more cheaply and more sustainably. Investors include Chalven Ventures, Tencent, Verve Ventures and Khadjavi Capital Partners, along with existing investors La Famiglia and Cherry Ventures. Luminovo is the first end-to-end software suite developed for the electronics industry that digitally connects stakeholders and data silos to deliver intelligent automation and real-time collaboration. The start-up is a member of equIP, CMS’s own start-up support programme. The aim of the CMS equIP programme is to support start-ups and young innovative companies in the digital and tech industry. To achieve this, CMS provides firms with comprehensive legal advice while engaging with their entrepreneurial objectives.
A CMS team headed by partner Dr Jessica Mohaupt-Schneider and Senior Associate Felix Schmitt advised Luminovo on all legal aspects of the financing round. The Munich-based VC team regularly advises start-ups and investors on financing rounds.
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