COMPANY INFO
Lumata Health is a privately held healthcare technology company founded in 2017 by Dr. Steve Fransen, a practicing retina specialist. The company has approximately 80 to 100 employees and operates in the clinics/outpatient services and healthcare software industry, providing human-led intelligent eye care management solutions to support ophthalmology and optometry practices, aiming to eliminate preventable blindness by ensuring patients receive necessary care. Their website is https://lumatahealth.com.
Lumata Health, Inc. is a privately held healthcare technology company founded in 2017 by Dr. Steve Fransen and Matt Wills. Operating in the clinics/outpatient services and healthcare software industry, Lumata Health provides human-led intelligent eye care management solutions to support ophthalmology and optometry practices. With a headquarters in Edmond, Oklahoma, and additional locations in the United States and India, the company’s mission is to eliminate preventable blindness by ensuring patients receive necessary care. Lumata Health employs approximately 80 people and has become a recognized innovator in the intersection of patient engagement, digital health, and ophthalmic care management.
Lumata Health, Inc. funding has been significant in shaping its growth trajectory and market reach. Over 5 funding rounds, Lumata Health has raised a total of $44.9 million. The most recent Series B round in January 2025 brought in $23.3 million, furthering its goal to expand access and adherence to vision-saving care. Lumata Health, Inc. funding rounds reflect a combination of venture capital investment, key institutional support, and grants, underpinned by backing from prominent investors such as LRVHealth, McKesson Ventures, Cortado Ventures, and the National Eye Institute. The company's funding milestones support product development, initial market entry, operational scaling, and technology research, with a strategy focused on sustained innovation and broadening access to ophthalmic care.
This latest Series B round was raised to expand access and adherence to vision-saving care, accelerating Lumata Health’s mission to eliminate preventable vision loss at scale.
The seed funding round aimed to power early-stage growth and further technology development, laying the groundwork for product innovation and expansion.
Funds from the Series A round were allocated for product development and Lumata Health’s initial market entry, supporting the launch of its intelligent eye care management platform.
This grant, led by the National Eye Institute, provided essential funding to support advanced research and development in eye care technology.
An early-stage funding round led by NC State University, focused on initial scaling and operational expansion.
LRVHealth is a leading venture capital firm specializing in healthcare innovation. As a co-lead in Lumata Health, Inc. funding rounds, their investment in the Series B round underscores confidence in Lumata Health’s expansion efforts.
McKesson Ventures, the venture capital arm of McKesson Corporation, supports healthcare technology startups. Their role as a lead investor in the Series B highlights their commitment to advancing ophthalmic care.
Cencora Ventures invests in the future of healthcare delivery and clinical innovation. Their participation in the Series B round reflects support for Lumata Health’s growth and vision.
Cortado Ventures is an Oklahoma-based venture capital firm that led Lumata Health’s Series A round. Their continued backing has been integral to the company’s product development and regional expansion.
Boyd Street Ventures is known for supporting early-stage, high-growth startups. Their leadership in Lumata Health’s seed round enabled crucial early growth and technological advancements.
The Wolfpack Investor Network connects accredited investors to high-potential companies, contributing to Lumata Health’s expansion during its growth stages.
As a government research organization, the National Eye Institute supported Lumata Health with a major grant, fostering research and development in vision-saving technologies and clinical impact.
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