Following a $600,000 investment round, full-feature photography management platform Lumatic plans to expand in Indianapolis, Indiana.
Indiana-based angel investors and the Indiana Economic Development Corporation’s venture development partner Elevate Ventures participated in the funding process.
“Indianapolis is a vibrant city, full of potential. We’ve watched the city blossom over the years, and fully believe this is the place for us,” said Lumatic CEO Tyler Hromadka. “When I look into our community, I see Hoosiers working hard, every day, to build amazing things – fostering a ‘grow where you’re planted’ mentality. That hard work is the foundation for greatness, and Hoosiers are who I want on my team.”
"The innovation occurring here in central Indiana from companies like Lumatic is helping bolster our state's reputation as a Midwest tech hub," said Indiana Secretary of Commerce Jim Schellinger. "We’re committed to ensuring that innovators and entrepreneurs have the support, resources and access to capital needed to grow, and we’ll give them a reason to scale up here in Indiana by providing a climate that allows them to thrive."
The Indianapolis-based company, founded in 2016, provides a technology platform for groups to capture and use photography to support marketing and engagement. Lumatic employs a team of eight full-time associates in Indiana, including four new employees added in the last month. According to state officials, Lumatic plans to secure office space in Indianapolis as its team grows, and long-term, the company plans to grow its team up to 113 associates by the end of 2024.
“We’re proud to welcome over a hundred good-paying jobs as Lumatic expands in Indianapolis,” said Indianapolis Mayor Joe Hogsett. “Today’s announcement demonstrates that even during a global pandemic, our city can attract talent and jobs, a testament to our economic strength, tech-friendly business environment, and quality of life. Indianapolis remains a great place to start and grow a business.”