Luma Health Funding, Investors & Competitors

Luma Health has raised $159M across 5 funding rounds, most recently a $130M Series C in November 2021.

Last Luma Health funding round

$130M

Series C · Nov 2021

Cumulative funding Luma Health raised

$159M

across 5 funding rounds

Key investors in Luma Health

  • U.S. Venture Partners
  • Alumni Ventures
  • StartX (Stanford-StartX Fund)
  • Cisco Investments
  • Azure Capital Partners
  • PeakSpan Capital
  • Texas Medical Center
  • Shorooq Partners

Luma Health Overview

About Luma Health

Luma Health is a patient engagement platform offering automated scheduling, messaging, and reminders for healthcare providers. Headquartered in San Francisco, it integrates with electronic health records for virtual waiting rooms and post-visit follow-ups across clinics nationwide.


Founded

2015

HQ

United StatesSan Francisco, CA

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Luma Health Funding History

Luma Health has raised a total of $159M across 5 funding rounds.

Luma Health's first fundraising round was a $3M seed round in February 2017. The most recent completed round was a $130M Series C in November 2021.

Luma Health funding rounds

Luma Health funding rounds
DateStageInvestorsRaisedDeal Summary
Nov 2021Series CFTV Capital (lead); Cisco Investments; Texas Medical Center; Alumni Ventures; U.S. Venture Partners; PeakSpan Capital$130MLuma Health is a San Francisco-based patient engagement platform founded in 2015 that automates provider-patient communications, including appointment reminders, scheduling, mobile intake, telehealth, and post-visit outreach. The platform integrates with over 80 electronic health records (EHRs) and serves 550 hospital networks, health systems, federally qualified health centers, and clinics, including clients like Banner Health, Franciscan Alliance, and Montefiore Medical Center. It has demonstrated strong performance metrics such as reducing no-shows by 79%, increasing referral conversion by 1.7x, achieving an average NPS of 89, and delivering over 6x ROI depending on appointment value. On November 23, 2021, Luma Health raised $130 million in a Series C funding round led by FTV Capital, with participation from existing investors including Alumni Ventures, Cisco Investments, PeakSpan Capital, Texas Medical Center, and U.S. Venture Partners. This brought the company's total funding to $160 million. The round followed explosive growth, including 2x year-over-year growth since founding and nearly 900% three-year growth, earning recognition on the Inc. 5000 list of fastest-growing private companies. The funding aims to scale the platform internationally, double headcount over the next two years, continue product development, and ensure equitable access to care. Luma Health is on track to connect nearly a quarter of all Americans to care in 2022. FTV Capital highlighted Luma's comprehensive platform and positive customer feedback as key differentiators in the patient engagement landscape. The investment supports Luma's vision of transforming fragmented patient journeys into unified, seamless experiences amid rising demand for telehealth and remote monitoring driven by the pandemic and governmental incentives. The global patient engagement platform market is projected to reach $23.1 billion by 2027 at a 9.9% CAGR.
Aug 2019Series BPeakSpan Capital (lead); Cisco Investments; Texas Medical Center; Alumni Ventures; U.S. Venture Partners$16MLuma Health, a total patient engagement platform, raised $16 million in Series B equity funding on August 27, 2019, led by PeakSpan Capital, with participation from Cisco Investments, Texas Medical Center, and U.S. Venture Partners. This round brought total equity funding to $25.7 million. The company provides a smart, simple, and flexible solution for patient-provider communication, including real-time electronic health record integration to address scheduling inefficiencies and unused capacity in clinics and health systems. At the time, Luma Health partnered with over 300 healthcare organizations across the US, reaching more than 7.5 million patients, reflecting 150% growth in the past year. The funding will support scaling operations, hiring software developers and sales staff, and pursuing larger health system clients. Cofounded by Adnan Iqbal and Dr. Tashfeen Ekram, the platform aims to reduce patient wait times of two-and-a-half to 12 weeks and 15-30% unused capacity rates by connecting available care with waiting patients.
May 2018Series AU.S. Venture Partners (lead); Temerity Capital Partners; StartX (Stanford-StartX Fund)$6M-
Sep 2017SeedShorooq Partners; Azure Capital Partners$3MLuma Health raised $3.4 million in a Seed round led by Azure Capital Partners and Shorooq Partners around August 2017. The company, based in San Francisco, provides HIPAA-compliant communication tools via text messaging and secure chat to facilitate patient connections without complex portals. This Seed funding followed or coincided with a $3.37 million Convertible Note also involving Azure Capital Partners and StartX.
Feb 2017SeedAzure Capital Partners (lead); StartX (Stanford-StartX Fund)$3MLuma Health raised a convertible note of $3.37 million on February 15, 2017, from Azure Capital Partners and StartX. This round matches the specified investors and approximate date. Luma Health provides HIPAA-compliant communication tools via text messaging and secure chat for healthcare providers. The company later raised additional rounds, including a $3.4 million seed from Azure Capital Partners and Shorooq in August 2017, a $6.33 million Series A, $16 million Series B, and $130 million Series C in November 2021 led by FTV Capital.

Who has invested in Luma Health?

10 investors have backed Luma Health across its funding rounds, including U.S. Venture Partners, Alumni Ventures, StartX (Stanford-StartX Fund), Cisco Investments, Azure Capital Partners and PeakSpan Capital.

Lead investors include FTV Capital, PeakSpan Capital, U.S. Venture Partners and Azure Capital Partners.


Luma Health Investors

Investors in Luma Health by funding rounds participated
InvestorHQRoundsRoleFirst check
U.S. Venture PartnersUnited StatesSan Francisco, CA3LeadMay 2018
Azure Capital PartnersUnited StatesSan Francisco, CA2LeadFeb 2017
Cisco InvestmentsUnited StatesUnited States2ParticipantAug 2019
Texas Medical CenterUnited StatesHouston, TX2ParticipantAug 2019
Alumni VenturesUnited StatesUnited States2ParticipantAug 2019
StartX (Stanford-StartX Fund)United StatesSan Francisco, CA2ParticipantFeb 2017
PeakSpan CapitalUnited StatesUnited States2LeadAug 2019
Shorooq PartnersUAEAbu Dhabi1ParticipantSep 2017

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Acquisitions by Luma Health

Luma Health has acquired 1 company to date.

Last acquisition by Luma Health was on November 12th 2025. Luma Health acquired Tonic Health for undisclosed valuation.


Latest Acquisitions by Luma Health

Tonic Health
Description
Tonic Health is a Boston-based digital health platform addressing medical data collection challenges through patient engagement software. Developed by scientists and UI experts, the system boosts response rates above 80 percent via personalized surveys, gamified interfaces, and real-time analytics for clinical trials and telemedicine. Integrated with EHR systems like Epic and Cerner, it serves pharmaceutical firms and hospitals to tailor care plans based on patient-reported outcomes.
HQ CountryUnited States
HQ City
San Francisco, CA
Deal Date12 Nov 2025
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Luma Health Competitors

Luma Health competitors include listed companies like Guiyang Longmaster and Medley Inc., and private ones like Doctolib, Cityblock Health, Grow Therapy and eMed.

Public and private companies comparable to Luma Health
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
DoctolibFranceParisPrivate$400M-$6.4B16.0x
Cityblock HealthUnited StatesNew York City, NYPrivate--$5.7B-
Grow TherapyUnited StatesNew York City, NYPrivate$1B-$3B-
eMedUnited StatesMiami, FLPrivate--$2B-
Guiyang LongmasterChinaChinaPublicly listed$44M$5M$482M-
Medley Inc.JapanJapanPublicly listed$236M$32M$459M1.8x

Luma Health Public Comps

Luma Health is still privately-owned, but its public comps include IQVIA, Veeva, IDEXX Laboratories, Roper Technologies, GE HealthCare, ICON plc, Pro Medicus, United Imaging, Max Healthcare Institute and Oscar Health.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
IQVIA$16B$3.4B3.6x3.4x17.2x14.8x
Veeva$3.2B$965M11.1x10.2x36.9x22.4x
IDEXX Laboratories$4.3B$1.5B9.5x8.9x27.1x24.9x
Roper Technologies$7.9B$3.2B6.1x5.7x15.2x14.6x
GE HealthCare$21B$3.7B1.8x1.8x10.1x10.0x
ICON plc$8.3B$816M1.9x1.9x19.2x11.3x
Pro Medicus$186M$147M66.6x62.7x84.4x77.6x
United Imaging$2.1B$367M5.5x4.8x30.7x26.9x

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Common questions about Luma Health

When was Luma Health founded?Luma Health was founded in 2015.
Where is Luma Health headquartered?Luma Health is headquartered in San Francisco, CA, United States.
Is Luma Health publicly listed?No, Luma Health is a private, VC-backed company.
How much funding has Luma Health raised?Luma Health has raised $159M across 5 funding rounds.
What was Luma Health's last funding round?Luma Health's last funding round was a $130M Series C in November 2021, led by FTV Capital.
Who are Luma Health's investors?Luma Health's investors include U.S. Venture Partners, Azure Capital Partners, Cisco Investments, Texas Medical Center, Alumni Ventures, StartX (Stanford-StartX Fund), PeakSpan Capital, Shorooq Partners, Temerity Capital Partners and FTV Capital.
Which companies are comparable to Luma Health?Companies comparable to Luma Health include Doctolib, Cityblock Health, Grow Therapy, eMed, Guiyang Longmaster and Medley Inc..
How many companies has Luma Health acquired?Luma Health has acquired 1 company, including Tonic Health.

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