Lumiform
Financials
Estimates*
USD | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|
Revenues | <1m | 1.1m | 2.4m | 3.5m | 4.7m |
% growth | - | 124 % | 114 % | 46 % | 34 % |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
€1.4m | Seed | ||
N/A | N/A | Seed | |
N/A | Early VC | ||
* | €6.4m | Series A | |
N/A | Early VC | ||
Total Funding | $8.6m |
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Recent News about Lumiform
EditLumiform is a software company specializing in inspection and audit solutions, designed to enhance quality and safety management across various industries. The company's core product is a mobile application available on iOS and Android devices, which allows users to create, manage, and complete checklists for inspections and audits. Lumiform serves a diverse range of clients, including those in manufacturing, construction, food and hospitality, and ISO certification sectors. The market it operates in is the quality and safety management software industry, which is crucial for businesses needing to comply with regulatory standards and improve operational efficiency.
Lumiform's business model is based on a freemium approach, where users can start using the basic features for free and then upgrade to premium plans for advanced functionalities. This model helps the company attract a broad user base and convert free users into paying customers over time. Revenue is generated through subscription fees for these premium plans, which offer additional features such as advanced analytics, custom templates, and integration capabilities.
The company makes money by offering tiered subscription plans that cater to different business needs, from small enterprises to large corporations. Lumiform's platform is highly scalable, allowing it to serve both small businesses and large organizations with complex inspection and audit requirements.
Keywords: inspection software, audit management, quality control, safety compliance, mobile app, checklists, freemium model, regulatory compliance, operational efficiency, subscription-based.