CASE STUDY · Lumen Health
Series B closed six weeks ahead of plan.
How a healthtech raised $48M with a model and a story that held up in every room.
CLIENT
Lumen Health
INDUSTRY
Healthtech
SERVICES
Finance · Fundraising
DURATION
5 months
The challenge
Lumen Health had strong clinical results but a model nobody fully trusted, a deck that changed every week and a board that heard about the raise from investors first.
What we did
We rebuilt the financial model with the finance lead, rewrote the narrative around three clear proof points and briefed the board before a single investor meeting.
Then we ran the process like an operating rhythm: a target list of 40 funds, weekly pipeline reviews and a data room that was complete before diligence began.
“The fundraising process they ran was the most organised thing that has ever happened to us. We closed our Series B six weeks early.”
The results
Series B raised
Ahead of the original plan
Term sheets received
Funds in a structured process
