Luminate
AcceleratorSan Francisco · Pre-Seed–Seed · 1 people tracked
Also known as Luminate Capital Management, Inc.
Investment thesis
Luminate is an accelerator and investment fund for startups building optics, photonics, imaging, and laser-enabled technologies, awarding $3 million annually across cohorts of roughly ten companies. Participants receive a $100K investment upon acceptance, with an additional $2M available to top companies per cohort, along with mentoring and access to a network of domain experts, corporate sponsors, and investors. Its portfolio spans applications in AR/VR, cybersecurity, defense, healthcare, IoT, and quantum.
Team · 1 people
from the firm's websiteFund performance · per public LP disclosures · 3
as of Sep 2025| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| Luminate Capital Partners IV, L.P. | 2025 | — | — | 0.99x | 0.00x |
| Luminate Capital Partners Fund III | 2021 | — | 4.4% | 1.11x | 0.00x |
| Luminate Capital Partners III, L.P. | 2021 | — | 4.4% | 1.10x | — |
Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).
Frequently asked questions
- What stage does Luminate invest at?
- Luminate invests at the Pre-Seed, Seed stages.
- What sectors does Luminate focus on?
- Luminate focuses on Cybersecurity, Deep Tech, Defense Tech, Hardware, Healthtech, Quantum Computing.
- Where is Luminate located?
- Luminate is headquartered in San Francisco.
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