Summary:
- Lumion, a company based in Salt Lake City, raised $10.7M in seed funding led by TTV Capital.
- Lumion offers an operating system for career and trade schools, streamlining student lifecycle processes.
- The company plans to use the funds to expand operations and development efforts.
Article:
Lumion, a tech company headquartered in Salt Lake City, recently secured $10.7 million in seed funding, with TTV Capital leading the investment round. This funding will support Lumion’s mission to revolutionize the operations of career and trade schools with its innovative operating system.
Under the leadership of CEO Joshua Hagani, Lumion has developed a platform that simplifies the entire student lifecycle, from lead generation to enrollment, tuition payments, reporting, and alumni tracking. This comprehensive approach aims to enhance the efficiency and effectiveness of educational institutions in managing their student populations.
The Lumion Platform consists of three key product lines. The Enrollment feature enables schools to streamline the process of managing prospective student leads, applications, communication, scheduling, and onboarding. The Payments module guides students through various payment options, including upfront payment, marketplace offerings, and school-administered payment plans, ultimately increasing enrollment, retention, and collection rates. Additionally, Lumion provides Full-Service SIS Capabilities, offering centralized reporting of all student activities and interactions to provide school operators with valuable insights.
Since its inception, Lumion has processed over 140,000 tuition payments, empowered 1,690 school administrators, and generated an estimated $20 billion in human capital impact. With a team of 35 employees based in Salt Lake City, Lumion is poised for further growth and innovation in the education technology sector.
In conclusion, Lumion’s successful funding round marks a significant milestone in its journey to revolutionize the way career and trade schools operate. The company’s commitment to enhancing the student experience and providing valuable insights for school operators positions Lumion as a key player in the education technology space.
