Australian startup Lumary secures $2 million funding from Equity Venture Partners to accelerate the growth of its workflow management platform
Lumary, an Adelaide, South Australia startup which provides software management solutions for the National Disability Insurance Scheme (NDIS), has raised $2 million to accelerate the growth of its workflow management platform for disability and aged care providers. The round was led by EVP, a Sydney-based venture capital fund which has supported Australian software success stories including Deputy, Rezdy and Siteminder. In conjunction with the funding, Lumary also announced that Daniel Szekely, Director at EVP, will join its Board.
Founded in 2017 by tech entrepreneurs Joseph Mercorella and Matthew English, Lumary is an Australian designed-and-built software platform that integrates with tools such as Skedulo and Pendula. Lumary brings together comprehensive NDIS stakeholder management and business workflow for the first time in a single workflow platform delivering agility, visibility and control. The duo started the company after they identified the need for technology solutions that could deal with the complex relationships between providers, consumers and partners all participating in the Government’s NDIS funding program.
“The investment has come at a time for us to expand our offering to support more of the market.
The first 2 years were about listening, learning and developing both software and a framework
to support the consumer, carer and provider. By establishing this solution we have helped to
develop a commercially competitive environment, which is what’s best for the consumer” said
Lumary CEO, Joseph Mercorella, “Our mission is to support and make a difference in the
community that we serve and leave a legacy that we truly made a difference in a huge chapter
of Australia’s health care journey.”
Lumary, which for FY19, managed about $750 million in NDIS funds, has established an
industry-specific solution comprising best of breed applications in an integrated end to end offering.
“ The unbundling of dominant, horizontal platforms like SAP and Salesforce into deep vertical
platforms like Lumary is a core thematic for EVP. With the rising tide of the Government’s $43
billion dollars NDIS commitment and an industry calling out for technology driven efficiency tools
to keep up within this landscape, Lumary is fast becoming an integral part of the Australian
healthcare ecosystem. The founders intimately understand the technology needs of this
evolving industry and they have built a best in class product to service this need. We are pleased that they have chosen to partner with us on an initiative that will ultimately support the
success of a Government led initiative as significant as the NDIS. ”
Lumary’s technology is important because previously the rollout of funds in aged care and
disability sectors was outdated, labour intensive and the technology being used was across
This meant there were massive inefficiencies and monies being wasted, and ultimately it was
the care recipient that wears the cost of the inefficiencies. Additionally, funds were previously distributed to the providers, whereas they are now managed by the consumer or an affiliate, providing them the power to decide on how they spend their money, which ultimately means providers need to lift their game or potentially get left behind.
Lumary develop their application on the Salesforce.com™ lightning Platform and became a
Salesforce AppExchange Partner in 2017, similar to other EVP investments.
The Salesforce.com™ Lightning platform, the world’s #1 enterprise cloud platform provides the
most trusted enterprise cloud infrastructure to facilitate compliance and governance, security,
reliability, configurability and automation which assists with reducing administration overheads.
This ensures that providers can offer those that require care, a service that truly benefits them,
as well as providing the end consumer with the transparency of real time information.
Lumary is one of Salesforce.com’s fastest growing AppExchange Partner in the Asia Pacific
Region, highlighting the rapid growth and success of the business so far. The company plans to
expand further into the region and sees it as an opportunity to address a global issue that is
high on many government agendas.
“Our first priority is addressing the needs of the Australian market today but we see the problem
globally and our strategy is to take the framework we have built and apply this abroad”
concluded Mercorella. The business, which currently has its head office in Adelaide and satellite
offices in Sydney and Brisbane, has approximately 45 staff and continues to grow rapidly.