# Lumina Impact Ventures

> Lumina Impact Ventures is a VC fund in Indianapolis backing EdTech and Education. See 6 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Location: Indianapolis, United States
- Total investments: 6
- Last investment: Mar 2023
- Lead investor: 33%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/lumina-foundation
- Website: https://www.luminafoundation.org/lumina-impact-ventures

Lumina Impact Ventures is a corporate venture arm of Lumina Foundation that makes impact investments in education technology.It accelerates the effort to create a better-educated country by investing directly in emerging companies aligned with Lumina Foundation’s mission. LIV expands the foundation’s efforts beyond grant investments to engage theprivate sector in ways that generate ideas, build knowledge, and attract new capital to create new learning opportunities for all. It elevates entrepreneurs of color and those from low-income backgrounds while fostering a collaborative and founder-friendly ecosystem. Drawing from Lumina’s extensive networks, it makes smart introductions and connects portfolio companies with trusted advisors and other non-financial resources they could not find elsewhere. It primarily invests in emerging companies developing innovative technologies and tech-enabled platforms that create opportunities for people to learn after high school.The Indianapolis, India-based venture arm was founded in 2015.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| EdTech | 3 | 50% |
| Education | 2 | 33% |
| Mobile Apps | 2 | 33% |
| Higher Education | 2 | 33% |
| Financial Services | 2 | 33% |

19 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 2 | 33% |
| Funding Round | 2 | 33% |
| Grant | 1 | 17% |
| Series A | 1 | 17% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Coastal Enterprises | Coastal Enterprises is a community development financial institution that provides financing to micro, small and medium enterprises, affordable housing, and community facilities in order to create income, employment, and ownership opportunities for low-income people and communities. Since its inception, CEI has provided $958 million in capital to2,251 projects that created/retained 27,181jobs and created 1,483 units of affordable housing. CEI funds have leveraged an additional $2.44 billion in other capital. CEI aggregates capital from a variety of public and private sources and deploys it in the community through a variety of debt, equity, and tax credit products. | $1.6M | Grant | Mar 27, 2023 |  |
| Beam | Beam simplifies complex government program journeys with configurable, intelligent end-to-end workflows. Beam's platform helps government administer programs end-to-end, including application, eligibility determination, case management, payment, and reporting -- from simple programs like emergency relief to the most complex like housingvoucher programs. | $6.4M | Series A | Nov 16, 2022 |  |
| Mentor Collective | Mentor Collective is the leading provider of mentoring programs. We partner with universities to design, manage, and assess programs that give all students access to a relevant near-peer mentor, increasing graduation rates and employment outcomes.Our network of 200+ partner schools includes Princeton, UC Davis, Washington University in St. Louis,and Penn State University.We're proud to be backed by mission-driven investors including Lumina Foundation.We're hiring! See open roles here: https://angel.co/mentorcollective/jobsLearn more on our website: https://www.mentorcollective.org/join-the-team and sign up for our community newsletter here: https://www.mentorcollective.org/newsletter-sign-upRecent recognition: Five-time Inc 5000 lister 2019 - Linchpin top high impact job for remote team members 2019 - Forbes 30 under 30, Education Category 2019 - BostInno's Coolest Companies Finalist 2018 - BostInno's 50 on Fire 2018 - Golden Bridge Awards - Startup of the Year Founded in 2015 2015 - Techstars Boston | $3.2M |  | Sep 05, 2019 |  |
| Mentor Collective | Mentor Collective is the leading provider of mentoring programs. We partner with universities to design, manage, and assess programs that give all students access to a relevant near-peer mentor, increasing graduation rates and employment outcomes.Our network of 200+ partner schools includes Princeton, UC Davis, Washington University in St. Louis,and Penn State University.We're proud to be backed by mission-driven investors including Lumina Foundation.We're hiring! See open roles here: https://angel.co/mentorcollective/jobsLearn more on our website: https://www.mentorcollective.org/join-the-team and sign up for our community newsletter here: https://www.mentorcollective.org/newsletter-sign-upRecent recognition: Five-time Inc 5000 lister 2019 - Linchpin top high impact job for remote team members 2019 - Forbes 30 under 30, Education Category 2019 - BostInno's Coolest Companies Finalist 2018 - BostInno's 50 on Fire 2018 - Golden Bridge Awards - Startup of the Year Founded in 2015 2015 - Techstars Boston | $3.2M | Seed | Sep 05, 2019 |  |
| Cell-Ed | Cell-Ed offers employers and education providers a complete mobile messaging solution to reach, teach, coach, and upskill today's workforce. Cell-Ed was founded in 2014 and headquartered in Palo Alto, California. | $1.6M | Seed | Jul 09, 2018 |  |
| Upswing | Upswing provides colleges and universities with an integrated student services platform to increase student retention. Colleges are able to integrate their various student support operations in a virtual environment to allow students to easily find and meet with staff in support functions like advising, counseling, student success coaching, andtutoring. Additionally, Upswing's virtual assistant connects students via SMS to college reminders and information. By streamlining student services, college administrators are able to manage support staff in a single location, oversee communication with students, and access streamlined reporting and insights. | $1.5M |  | Nov 29, 2017 |  |

6 of 6 investments shown.

## Co-investors
- [Lumina Foundation](https://shizune.co/investors/profile/luminafoundation) — VC Fund, 4 deals together
- [Strada Education Network](https://shizune.co/investors/profile/strada-education-network) — VC Fund, 3 deals together
- [10XImpact](https://shizune.co/investors/profile/10x-impact) — VC Fund, 2 deals together
- [EduLab Capital Partners](https://shizune.co/investors/profile/edulab-capital-partners) — VC Fund, 2 deals together
- [Emerge VC](https://shizune.co/investors/profile/emerge-venture-lab) — VC Fund, 2 deals together
- [Indiana University Philanthropic Venture Fund](https://shizune.co/investors/profile/indiana-university-philanthropic-venture-fund) — VC Fund, 2 deals together

## Similar investors

### Similar stage
- [Antler](https://shizune.co/investors/profile/antler-be9c) — VC Fund
- [Alumni Ventures](https://shizune.co/investors/profile/alumni-ventures-group) — VC Fund
- [Right Side Capital Management](https://shizune.co/investors/profile/right-side-capital-management) — VC Fund

## FAQ

### What does Lumina Impact Ventures invest in?

Lumina Impact Ventures invests primarily in EdTech, Education and Mobile Apps startups, most often at Seed and Funding Round stage. Most of the 6 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did Lumina Impact Ventures last invest?

The most recent investment recorded for Lumina Impact Ventures closed in Mar 2023. Shizune tracks 6 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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