Metaverse Training Firm Raise £1 mn
Newcastle-based Luminous has secured a £1m fundraise to expand globally, aiming to create 10 new jobs and roll out its technology worldwide.
The company plans to open a third office in the Middle East to support its growing client base. Luminous’s XR platform enables users to create training programmes and track students’ progress, with key clients being energy companies and manufacturers.
The cash comes from the North East Venture Fund, supported by the European Regional Development Fund and managed by Mercia Ventures.
The firm’s total fundraise now stands at over £1.9m. Luminous recently won a major contract from an unnamed Middle East energy company and opened an international office in Bahrain.
(With inputs from Shikha Singh)
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