Luminary has filed a notice of an exempt offering of securities to raise $9.5 Million in New Equity Investment.
According to filings with the U.S. Securities and Exchange Commission, Luminary is raising $9,500,000.00 in new funding. Sources indicate as part of senior management Chief Executive Officer, David Barnard played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.
About Luminary
More than $100 billion in family and philanthropic giving capacity is created each year. But flaws in the current process impose over a billion in annual costs in order to access it. We are building the first product for wealth managers to automate the complex, and inefficient estate planning process Luminary is backed by venture capital firm 8VC. The company was founded in 2022 and is led by David Barnard (CEO), former Head of Private Wealth at AllianceBernstein, and Joe Lonsdale (Chair), managing partner at 8VC and co-founder of Addepar and Palantir, among other companies.
To learn more about Luminary, visit http://www.withluminary.com/
Contact:
David Barnard, Chief Executive Officer
203-273-1463
https://www.linkedin.com/in/david-barnard-6383b6a4/
SOURCE: http://www.intelligence360.io
Copyright (c) 2023 SI360 Inc. All rights reserved.