Allocations acquires Lumen Advisory & Finance to improve the company’s venture capital platform

▤ Summary

Allocations acquired Lumen Advisory & Finance for $2.5 million in cash and stock. The deal adds Lumen’s accounting automation capabilities and expertise to Allocations’ private equity and venture capital platform. Allocations wants to make private investment workflows more streamlined for angel investors and other users. The company says the acquisition supports its goal of reducing time, cost, and barriers in private investing.

▦ Linked Companies

Allocations

$5M to $10M