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Luminetx

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Luminetx Corporation discovers, develops, and commercializes bioscience technologies

Memphis, United StatesFounded 2001Biotech & Life Sciences
Valuation $50–100M Last recorded · 2005
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
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About Luminetx

Luminetx Corporation, a medical biosciences company founded in 2004 and based in Memphis, Tennessee, developed and commercialized the VeinViewer vascular imaging system. The company's core offering, VeinViewer, was engineered to address a common challenge in healthcare: locating subcutaneous veins for procedures like IV insertions and blood draws. This technology was invented by Herbert Zeman, a physicist with a background in medical physics and biomedical engineering, who initially founded a company called Conenhill Biomedics, which later became Luminetx.

The VeinViewer operates by projecting harmless near-infrared light onto the skin, which is absorbed by hemoglobin in the blood. A detector and computer then process the reflected light to create a real-time digital map of the underlying vascular structure, which is projected back onto the skin's surface. This provides healthcare professionals—including nurses, phlebotomists, and physicians—with a clear, live image of veins, improving the accuracy and efficiency of vascular access. The stated benefits include a reduction in the number of needle sticks required, less time to start an IV, and increased patient comfort, which in turn can lower operational costs for healthcare facilities. The technology received clearance from the U.S. Food and Drug Administration (FDA) in 2004.

The company's business model focused on the sale of these medical devices to a client base primarily consisting of hospitals and clinics. Luminetx established distribution partnerships to expand its market reach both domestically and internationally. Over its history, the company successfully raised approximately $15 million in venture capital from firms including Custer Capital, Capvest Venture Fund, and Morgan Keegan. A significant milestone occurred in December 2009, when Christie Digital Systems, a global visual technologies company, acquired substantially all of Luminetx's assets, including the VeinViewer technology and intellectual property. Following the acquisition, Christie formed a new entity, Christie Medical Holdings, Inc., to continue the development and commercialization of the VeinViewer product line, which subsequently launched new generations of the device.

Source: Dealroom company data

At a glance

Status
Acquired
Founded
2001
Headquarters
Memphis, United States
Employees
8
Open positions
None listed
Dealroom signal
21.3/100
Industry
Health
Sub-industry
BioTechnology
Sector
Biotech & Life Sciences, Biotechnology, Biotech and Pharma, Hard Tech, DT and LS, science-based

Funding history

2 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
ACQUISITION✓Exit Jan 2010 $0 — Christie Digital Systems USA —
SERIES A✓Equity / VC Nov 2005 $11M $44M Stanford Financial Group —
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Growth signals

Luminetx website traffic

Latest recorded traffic for Luminetx is 410 monthly website visits, down 47.4% over the last three months.

Latest monthly visits410 3-month web change-47.4%
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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

2 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A1 investor entered at this stage

  • Stanford Financial Group

Other known investors1 additional known investor

  • Christie Digital Systems USA
Team profiled 4 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 1 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
🇺🇸 United States · Memphis HQ
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Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Luminetx on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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