Relay Ventures invests in Luma's $12.5 mln Series A round
Luma, an Atlanta, Georgia-based developer of surround WiFi for the home network, has raised US$12.5 million in a Series A financing. The round was led by U.S. venture capital firm Accel, with a significant investment from the Amazon Alexa Fund. The startup's existing investors, including Canadian venture capital firm Relay Ventures, also participated. Luma, which recently acquired Nodal Industries, said it would use the funds raised to satisfy customer demand for its product, expand global operations, and continue research and development.
8 April 2016•4 mins read
