Lumos Apps raises €1.3m from Breega and Bpifrance
Paris, December 16, 2021: Today, French startup Lumos Apps, a global mobile app publisher, announces that it has raised a $1.5m funding round from the European VC fund Breega with the participation of Bpifrance. With today’s funding round, the company plans to continue the development of its unique in-house prediction and automation technologies, pursue R&D efforts and expand its international team by hiring mobile app experts to reshape and transform the mobile app industry.
Founded in 2020 by Vincent Hart de Keating and Damien Soulard, Lumos Apps uses unique in-house prediction and automation technologies to publish mobile apps across all categories (e.g. Lifestyle, Photo & Video, Entertainment, etc.). A global mobile app publisher, Lumos Apps replicates the publishing model that has proven to be successful in the mobile gaming industry to all non-gaming categories.
After having successfully co-founded a top-tier mobile gaming company, Vincent Hart de Keating developed an unrivaled expertise in the mobile app industry, pushing him to create Lumos Apps and expand the publishing model across all mobile apps categories. The goal is to provide critical tools for thousands of applications to fully unlock their potential. The ~$300bn mobile app market has profoundly changed over the past few years with constantly-growing competition and increased expertise from all stakeholders in the industry. Great app content does not translate to constant success and hitting the top of the charts anymore. Thanks to Lumos Apps, all mobile app developers can now fulfill their dreams of being #1 on the Apple and Google Stores.
Lumos Apps has developed in-house tools which are based on predictive and AI technologies, in order to get improved results on all critical aspects of an app, from User Design (UX) to User Acquisition (UA), App Store Optimization (ASO) and monetization. The startup’s R&D efforts on developing proprietary tools allow a reduced team to work on a larger number of apps than the industry’s standards. Additionally, its machine-learning technologies can forecast users’ LTV and provide actionable insights on marketing campaigns and UX for an app.
In less than a year since its creation, the international start-up has already signed ~20 publishing contracts and two applications of its portfolio have reached the top 100 of their respective categories in the US. On average, the revenue generated by the app published by Lumos Apps has multiplied by more than four during the first two months of collaboration with their developers.