Lumen, maker of a handheld metabolism measurement device, announced Thursday it had scooped up $62 million in Series B funding.
The round was led by Pitango Venture Capital with participation from Hanwha Group, Resolute Ventures, RiverPark Ventures, Unorthodox Ventures, Almeda Capital and Disruptive VC.
The company previously raised $8.5 million in 2019 as well as a crowdfunding raise in 2018.
WHAT THEY DO
The startup offers a handheld, breathalyzer-like device equipped with a CO2 sensor. Users breathe into the device, and it analyzes whether the body is burning fats or carbs for fuel.
Lumen also provides an app that collects that data and provides nutrition recommendations based on results. It also integrates with Apple HealthKit, Google Fit and Garmin.
The company said it has partnered with research institutions like Purdue University’s Whistler Center for Carbohydrate Research, University of Toronto’s Faculty of Kinesiology and Physical Education and ARU Cambridge over