Australian startup Lumary raises $2m from Equity Venture Partners

Photo: Cristina Gottardi/Unsplash

Australian software platform Lumary has raised $2 million from venture capital fund Equity Venture Partners (EVP), per an announcement.

The corpus raised will help the startup accelerate the growth of its workflow management platform for disability and aged care providers.

Founded by tech entrepreneurs Joseph Mercorella and Matthew English, Lumary provides software management solutions for the National Disability Insurance Scheme (NDIS).

The firm, which managed about $750 million in government’s NDIS funds as of FY2019, has established an industry-specific solution comprising applications in an integrated end-to-end offering.

“The investment has come at a time for us to expand our offering to support more of the market. The first 2 years were about listening, learning and developing both software and a framework to support the consumer, carer and provider,” said Lumary CEO Joseph Mercorella.

With the investment, Daniel Szekely, director at EVP, will join the Lumary board. “With the rising tide of the Government’s $43 billion NDIS commitment and an industry calling out for technology-driven efficiency tools to keep up within this landscape, Lumary is fast becoming an integral part of the Australian healthcare ecosystem,” he said.

EVP, an early-stage venture firm, has about $60 million under management across 2 funds. The fund typically partners with budding entrepreneurs through investments between $500,000 and $5 million.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.