# Luminor

> Luminor is a VC fund backing Solar, Energy and Delivery. See 2 investments, check sizes, portfolio and contact details. Updated Sep 2026.

- Type: VC Fund
- Total investments: 2
- Last investment: Sep 2026
- Lead investor: 50%
- Last updated: Sep 2026

Luminor is a VC fund focused on Solar and Energy.

## Contacts

5 contacts available for Luminor. Shizune tracks 1 team members at Luminor. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/luminor-fad1?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Debt Financing | $7.3M–$68M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Solar | 1 | 50% |
| Energy | 1 | 50% |
| Delivery | 1 | 50% |
| Printing | 1 | 50% |
| 3D Printing | 1 | 50% |

7 industries tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Latvia | 1 | 50% |
| Estonia | 1 | 50% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Ian Penny | Chief Operating Officer | 0 | https://shizune.co/investors/profile/ian-penny |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Livonia Print | Livonia Print specializes in pre-press, binding solutions, finishing, digital production, delivery, and commercial printing services. | $7.3M | Debt Financing | Sep 07, 2026 | https://livoniaprint.lv |
| Sunly | Sunly, a renewable energy company, is active in the Baltics and surrounding markets. Sunly is developing renewable energy projects through Sunly Infra and manages a renewable energy and electrification portfolio of start-ups through Sunly Startup. | $67.7M | Debt Financing | Mar 11, 2025 | https://sunly.ee/ |

2 of 2 investments shown.

## Co-investors
- [European Investment Bank](https://shizune.co/investors/profile/european-investment-bank) — VC Fund, 1 deal together
- SEB Pank — VC Fund, 1 deal together

## Similar investors

### Similar stage
- [Development Bank of Wales](https://shizune.co/investors/profile/development-bank-of-wales) — VC Fund
- [ENISA](https://shizune.co/investors/profile/enisa-2) — VC Fund
- [Foundation for Innovation and Technology (FIT)](https://shizune.co/investors/profile/foundation-pour-l-innovation-technologique) — VC Fund

## FAQ

### What does Luminor invest in?

Luminor invests primarily in Solar, Energy and Delivery startups, most often at Debt Financing stage. Most of the 2 investments tracked by Shizune back companies in Latvia. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Luminor's check size?

Luminor typically joins rounds of $7.3M–$68M at Debt Financing. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Luminor participates in.

### How do I contact Luminor?

For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at Luminor?

The team at Luminor includes Ian Penny (Chief Operating Officer). The Team section lists each member with their title, investment count and links.

### 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 Sep 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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