Lumin

unnamed

Organisation

Lumin, a social business started by Blocks Global P/L in 2015, aims to improve the lives and health of people experiencing isolation. Lumin is a smart technology-based communication and safety platform that connects, engages and organises our ageing population and those living with a disability.

Financial Return

Based on the financial modelling a $2.5 million investment in Blocks Global will result in the generation of significant EBITDA and cash flow. Over the 5 year period from 2018 through until 2022 the business is forecast to generate combined EBITDA of A$43million plus free cash flow of A$13.5million. These numbers are inclusive of all expenditure and include the expanded operational model. This would be available then for both reinvestment in the business and also provide a source of possible dividend return to investors.

Social Return

The Blocks Global vision for the Lumin technology is for “Better connected families and an improved quality of life” and the mission is “to improve the lives and health of people experiencing isolation.” Social isolation is a considerable problem. An Australian Bureau of Statistics report shows that people over the age of 65 years with moderate and severe disabilities spend 85% of their waking time alone (Ref: Brotherhood 2007). Socially isolated people experience a 26% increase in mortality compared to those who had meaningful social engagement (Ref: UK 2013). Lumin offers seniors and disabled people a brighter, safer and more connected future and improves the quality of life in their home. Through the use of Lumin, an individual’s connectedness is increased potentially reducing the stress of social isolation and improving or at least maintaining well-being and health of the individual for longer. The aim of Lumin is to: a. Increase socialisation, therefore reducing loneliness, mental health issues and other illnesses linked to stress and associated with isolation b. Improve medication compliance and adherence c. Significantly lower costs associated with the care of aging people due to a reduction in clinical interventions, less support services required and delaying the move to a residential care setting [Hi Care] A Theory of Change has been developed to support the hypothesis and measure the outcomes of Lumin.
Issuing organisation
  • Blocks Global Pty Ltd
Intermediary
  • Social Scaffolding
Size
  • $2.5 million
Minimum Investment
  • $50,000 although larger lot sizes are preferred
Investment Type
  • Equity
Investor Type
  • Sophisticated/Wholesale Investors only
Term
  • 5 years
Impact Focus
  • Community, Disability, Elderly, Health, Technology
Location
  • Australia Wide

Contact

Name
Paul Wilson
Title
CEO of Lumin
Website
http://www.mylumin.org
E-mail
paul@mylumin.org
Phone
0411 644 484
lumin-no-subtitle
Contact Us

We're not around right now. But you can send us an email and we'll get back to you, asap.

Disclaimer

  1. You may only continue if you read and acknowledge the terms and conditions outlined below:
  2. The terms and conditions of use of the website are available on the website and you agree to be bound by the terms and conditions.
  3. The offeror and securities will be identified and accessible on the next page.
  4. A disclosure document for the offer will be made available when the securities are offered by the applicable issuer.
  5. Anyone who wants to acquire the securities will need to complete the application form that will be in or will accompany the disclosure document by the applicable issuer.
  6. Information on how to receive a copy of the disclosure document will be accessible on the next page.
  7. The Social Impact Hub does not possess an Australian financial services license (AFSL) or Australian market license (AML).
  8. The Social Impact Hub does not give investment advice, financial product advice, recommendations or statements of opinion with respect to any financial products.
  9. Investment in securities carries high risks. Anyone who is considering acquiring any securities identified on this website is strongly advised to take appropriate professional advice, including advice about whether the proposed investment is suitable for that person’s circumstances.
  10. Nothing on the website constitutes an issue or offer of financial products. Please contact the applicable issuer to receive the offer. All information about the financial products listed on the website is the responsibility of the applicable issuer.
  11. The Social Impact Hub is neither operating a managed investment scheme nor involved in pooling funds for any other purpose.
  12. The Social Impact Hub is not involved in applying for, acquiring, issuing, underwriting, varying or disposing of any financial product.
  13. The Social Impact Hub is not operating a financial market or a facility where offers to acquire or dispose of financial products are or can be made or accepted; nor a facility where offers or invitations are or can be made to acquire or dispose of financial products that are intended to result or may reasonably be expected to result.
  14. If you decide to apply for a financial product, you will deal directly with the relevant issuing organisation.