Lumo BodyTech, maker of the Lumo Lift posture tracker and Lumo Run sensor-enhanced running clothes, has closed a $10 million Series B funding round, the company says. The money will go toward building a platform and ecosystem based on body positioning.
One thing that’s always made Lumo interesting is its use of sensors not to count steps but to understand movement and biomechanics. The lead investors of this round, WuXi Healthcare Ventures, has a portfolio heavy in immunotherapy companies and technology platforms. Lumo is hoping to use the money to build out and promote a biomechanics platform that it can license across a range of devices, from conventional wearables to furniture.
After its initial crowdfunding of $2 million, Lumo had raised $6 million in Series A.