Info Edge Ventures leads a $2 million seed round for Lumiq. Lumiq is a data and analytics firm that helps financial institutions make data-driven decisions. Redstart Labs and angel investor Parampreet Bhasin also contributed to the round.
Lumiq intends to use the capital to increase sales, improve product offerings, and extend its global reach. Lumiq is on a mission to help financial institutions better manage their data.
Partner at Info Edge Ventures, Kitty Agarwal said“With the team’s expertise around data science and data engineering, Lumiq has been able to achieve over 100 percent YoY growth consistently while remaining bootstrapped. We hope this round of funding helps them accelerate their plans.”