Luminance, a Cambridge, UK-based legaltech startup, has raised $75 million in Series C funding, bringing its total raised in the past 12 months to over $115 million.
Investors
The oversubscribed round was led by Point72 Private Investments, with participation from Forestay Capital, RPS Ventures, Schroders Capital, and existing investors, including March Capital, National Grid Partners, and Slaughter and May.
Point72 Private Investments (P72PI) is an institutional platform comprising Point72 Ventures, a multi-stage venture capital strategy, and Point72 Hyperscale, a private equity strategy leveraging AI to build and modernize market-leading companies. P72PI offers asset management, equities, foreign exchange, research, investment strategies, financial planning, and investment advisory services.
Luminance Use of Funds
With the recent funding, Luminance plans to expand its AI capabilities and continue to expand its footprint in global markets, with a focus on the U.S. and Europe.
About Luminance
Luminance offers an end-to-end legal AI platform designed to help businesses manage contracts throughout their entire lifecycle. The company uses a specialized AI system called 'Panel of Judges' to automate and enhance contract works, from generation to negotiation and post-execution analysis. Luminance has attracted over 700 clients across more than 70 countries, including notable companies such as AMD, Hitachi, Rolls-Royce, and Lamborghini.
Funding Details
Company: Luminance Technologies Ltd.
Raised: $75.0M
Round: Series C
Funding Date: February 2025
Lead Investor: Point72 Private Investments
Additional Investors: Forestay Capital, RPS Ventures, Schroders Capital, March Capital, National Grid Partners, Slaughter and May
Company Website: https://www.luminance.com/
Software Category: Legal AI / Contract Management
Source: https://techcrunch.com/2025/02/18/legal-ai-startup-luminance-backed-by-the-late-mike-lynch-raises-75m/