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LUNA INNOVATIONS INCORPORATED

Acquired

Roanoke, US · Founded 1990 · 2 known investors

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Acquired by Ascend Parent, LLC (affiliate of TJC, L.P.) June 2026 · $48.2M ($1.39 per share cash, ~$48.2 million total deal value) · source ↗

Luna Innovations develops fiber optics, nanomaterials, and precision assembly solutions across multiple technical domains. The company serves customers requiring advanced materials and optical technologies for enterprise and industrial applications.

Founders & leadership

SAScott A. Graeff
Scott A. GraeffPresident & CEO, Board Member2017–2024Scott Graeff is an executive at Luna Innovations, where he held leadership roles overseeing strategic operations, including divestitures and portfolio shifts in the company's fiber-optic sensing business. He has previously worked in advisory and strategy roles focused on corporate transactions and technology sector guidance.
DC
David ChanleyNamed on SEC filing
GS
Gary SpiegelNamed on SEC filing
GG
George Gomez-QuinteroNamed on SEC filing
TO
Thomas OldemeyerNamed on SEC filing
BJ
Brian J. SollerNamed on SEC filing
PC
Pamela CoeNamed on SEC filing
NL
N. Leigh AndersonNamed on SEC filing
EH
Eva HartmannNamed on SEC filing
KI
Kevin IlcisinPresident and Chief Executive Officer
WD
Will DenmanSenior Vice President, General Manager, Optical Communications Testing Business Unit

Board

RW
Richard W. RoedelBoard director

Investors · 2

Also in the syndicate · 1

White Hat Capital

Reported raises · per SEC filings

Form D private placements

$50M disclosed across 1 round · 2023

▶$50MraisedFeb 2024 · 3 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • David ChanleyDirector
  • Gary SpiegelDirector
  • George Gomez-QuinteroExecutive Officer
  • Thomas OldemeyerExecutive Officer
  • Richard W. RoedelDirector
  • Brian J. SollerExecutive Officer
  • Scott A. GraeffExecutive Officer, Director
  • Mary Beth VitaleDirector
  • Pamela CoeDirector
  • Warren B. PhelpsDirector
  • N. Leigh AndersonDirector
  • Eva HartmannExecutive Officer
  • Ryan H. StewartExecutive Officer
Offering amount
$62.5M
Amount sold
$50M
First sale
Dec 2023
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Non-dilutive funding · 50+ SBIR/STTR awards

Federal grants — no equity taken
AgencyPhaseYearAmount
Department of DefenseDefense Health ProgramPhase II2023$1.7M
Missile Defense AgencyPhase II2023$1.5M
NASAPhase II2023$850K
U.S. NavyNavyPhase II2023$797.7K
Department of EnergyPhase I2023$200K
Department of EnergyPhase ISTTR2023$199.9K
NASAPhase I2023$156.5K
U.S. Air ForceAir ForcePhase II2022$1.5M
Defense Advanced Research Projects Agency (DARPA)Defense Advanced Research Projects AgencyPhase II2022$1.5M
U.S. NavyNavyPhase II2022$1.3M
U.S. NavyNavyPhase IISTTR2022$1.2M
Department of DefenseOffice for Chemical and Biological DefensePhase II2022$1.1M
U.S. ArmyArmyPhase IISTTR2022$1.1M
U.S. ArmyArmyPhase IISTTR2022$1000K
U.S. NavyNavyPhase II2022$997.7K
U.S. NavyNavyPhase II2022$900K
U.S. NavyNavyPhase II2022$800K
U.S. Air ForceAir ForcePhase II2022$750K
Department of EnergyPhase ISTTR2022$250K
Department of EnergyPhase ISTTR2022$200K
Department of EnergyPhase ISTTR2022$200K
Department of EnergyPhase ISTTR2022$200K
Department of EnergyPhase I2022$200K
Department of EnergyPhase ISTTR2022$199.9K
Department of EnergyPhase I2022$199.6K
U.S. Air ForceAir ForcePhase ISTTR2022$150K
NASAPhase I2022$150K
NASAPhase I2022$149.7K
U.S. NavyNavyPhase I2022$146.5K
U.S. Air ForceAir ForcePhase II2021$2.2M
U.S. NavyNavyPhase II2021$1.7M
National Institutes of Health (NIH)National Institutes of HealthPhase II2021$1.5M
Department of DefenseDefense Health ProgramPhase II2021$1.5M
Department of DefenseDefense Health ProgramPhase II2021$1.5M
Department of EnergyPhase II2021$1.1M
U.S. ArmyArmyPhase I2021$1.1M
U.S. NavyNavyPhase II2021$1.1M
Department of DefenseDefense Health ProgramPhase II2021$1.1M
U.S. NavyNavyPhase II2021$1000K
Department of Homeland SecurityPhase II2021$1000K
U.S. Air ForceAir ForcePhase II2021$980K
U.S. NavyNavyPhase IISTTR2021$800K
U.S. NavyNavyPhase IISTTR2021$800K
U.S. Air ForceAir ForcePhase II2021$750K
U.S. Air ForceAir ForcePhase IISTTR2021$750K
U.S. Air ForceAir ForcePhase II2021$750K
NASAPhase II2021$750K
U.S. ArmyArmyPhase II2021$650K
Department of EnergyPhase I2021$256.5K
Centers for Disease Control and Prevention (CDC)Centers for Disease Control and PreventionPhase I2021$243.5K

Source: SBIR.gov award data (U.S. Small Business Administration). SBIR/STTR awards are competitive federal R&D grants and contracts — non-dilutive capital alongside any venture rounds above.

Frequently asked questions

What does LUNA INNOVATIONS INCORPORATED do?
Luna Innovations develops fiber optics, nanomaterials, and precision assembly solutions across multiple technical domains. The company serves customers requiring advanced materials and optical technologies for enterprise and industrial applications.
Who are LUNA INNOVATIONS INCORPORATED's investors?
LUNA INNOVATIONS INCORPORATED's investors include Perot Jain.
How much funding has LUNA INNOVATIONS INCORPORATED raised?
LUNA INNOVATIONS INCORPORATED has disclosed $50M raised across 1 round.
Where is LUNA INNOVATIONS INCORPORATED headquartered?
LUNA INNOVATIONS INCORPORATED is headquartered in Roanoke, US.