Fundraising Fox
Lumata Health
Oklahoma City, US · Founded 2017 · Delaware corporation · 103 employees on LinkedIn · 6 known investors
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Lumata Health provides a Continuous Care program for eye care practices, helping patients stay on track with appointments and treatment adherence while addressing barriers to care. It supports ophthalmology and optometry practices in improving patient outcomes.
Founders & leadership
Lumata Health was founded in 2017 by Matt Wills, Stephen Fransen, and Dr. Fransen.
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Matt WillsCo-Founder and PresidentHe previously co-founded a specialty infusion pharmacy that expanded nationally and was acquired, and an earlier foodservice startup that was also acquired; he also worked in investment banking and holds a CFA designation, BA from Oklahoma City University, and an MBA in international business and finance from a joint program between Oklahoma City University and Tianjin University of Finance and Economics.
SF
Stephen FransenChairman and Co-FounderStephen Fransen is a retina specialist with over thirty years of clinical experience in treating retinal diseases who earned his MD from the University of Manitoba in 1985 and completed ophthalmology residency and retina fellowship at the University of Oklahoma and Bascom Palmer Eye Institute respectively. He served as tenured associate professor of ophthalmology at the University of Oklahoma until 2022, founded a rural eye care program for American Indian communities in Oklahoma, and is chairman and co-founder of Lumata Health, which develops care management programs for eye care practices.
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Dr. Fransen
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J. Matthew WillsExecutive
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Nastran AndersenChief Growth OfficerNastran Andersen has spent nearly 30 years in healthcare, with experience spanning sales, marketing, and revenue operations roles at Fortune 10 companies and mid-sized firms. He has led go-to-market strategy, sales teams, digital marketing initiatives, and revenue forecasting in the healthcare IT sector.
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Dana BoydChief of StaffDana Boyd spent over 12 years supporting founders and executive teams at growth-stage SaaS and healthcare technology companies in areas including strategy, operations, organizational design, and fundraising. She now serves as Chief of Staff at Lumata Health, a continuous care platform for eye care practices.
CJ
Chris JonesVP of SalesChris Jones leads sales at Lumata Health, a continuous care platform for eye care practices. He has held sales leadership roles in healthcare software, including positions in laboratory software and telehealth solutions.
Board
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Edward J. RappBoard director
Investors · 6
Cencora Ventureslisted by Cencora VenturesSan Francisco · $1M – $10M
How we know: open dataset · 5k.vc investor directory · Not right? Tell us
Cortado Ventureslisted by Cortado VenturesOklahoma City
How we know: Cortado Ventures's portfolio page · board seat on SEC Form D · the VCSheet dataset · Not right? Tell us
LRVHealthlisted by LRVHealthBoston · $500K – $1M
How we know: LRVHealth's portfolio page · the VCSheet dataset · open dataset · 5k.vc investor directory · Not right? Tell us
McKesson Ventureslisted by McKesson VenturesSan Francisco
How we know: McKesson Ventures's portfolio page · open dataset · 5k.vc investor directory · Not right? Tell us
Reported raises · per SEC filings
Form D private placements$35.4M disclosed across 3 rounds · 2022–2025
▶$23.3MraisedFeb 2025 · 40 investors · Other Health CareRule 506(b)
▶$23.3MraisedFeb 2025 · 40 investors · Other Health Care
Rule 506(b)Officers, directors & promoters on the filing
- Stephen R. FransenExecutive Officer, Director
- Mike MoradiDirector
- Edward J. RappDirector
- Landon R. GraceExecutive Officer, Director
- J. Matthew WillsExecutive Officer, Director
- Offering amount
- $23.3M
- Amount sold
- $23.3M
- First sale
- Jan 2025
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$5.2MraisedMar 2024 · 34 investors · Other Health CareRule 506(b)
▶$5.2MraisedMar 2024 · 34 investors · Other Health Care
Rule 506(b)Officers, directors & promoters on the filing
- Edward J. RappDirector
- J. Matthew WillsExecutive Officer, Director
- Stephen R. FransenExecutive Officer, Director
- Mike MoradiDirector
- Landon R. GraceExecutive Officer, Director
- Offering amount
- $5.5M
- Amount sold
- $5.2M
- First sale
- Sep 2023
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$6.9MraisedOct 2022 · 47 investors · Other Health CareRule 506(b)
▶$6.9MraisedOct 2022 · 47 investors · Other Health Care
Rule 506(b)Officers, directors & promoters on the filing
- Landon R. GraceExecutive Officer, Director
- Edward J. RappDirector
- J. Matthew WillsExecutive Officer
- Stephen R. FransenExecutive Officer, Director
- Offering amount
- $7.5M
- Amount sold
- $6.9M
- First sale
- Oct 2022
- Incorporated
- Corporation, Delaware, 2017
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
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Companies working in the same space as Lumata Health.
Frequently asked questions
- What does Lumata Health do?
- Lumata Health provides a Continuous Care program for eye care practices, helping patients stay on track with appointments and treatment adherence while addressing barriers to care. It supports ophthalmology and optometry practices in improving patient outcomes.
- Who founded Lumata Health?
- Lumata Health was founded by Matt Wills, Stephen Fransen, Dr. Fransen in 2017.
- Who are Lumata Health's investors?
- Lumata Health's investors include Cencora Ventures, Cortado Ventures, LRVHealth, McKesson Ventures, Wolfpack Investor Network, Cerity Partners Ventures.
- How much funding has Lumata Health raised?
- Lumata Health has disclosed $35.4M raised across 3 rounds.
- Where is Lumata Health headquartered?
- Lumata Health is headquartered in Oklahoma City, US.