CPA career management platform Luminari acquires $845,000 in funding

Luminari, the Toronto-based career management platform for chartered professional accountants (CPAs) within Canada, has recently announced a successful $845,000 in funding from angel investors in a second seed round.

The round was led by CPA Ontario board member Jean Desgagne and several other private investors including the Ontario Centres of Excellence Market Readiness Program.

Luminari is an online employment marketplace that connects CPAs with professional opportunities and offers access to educational bootcamps, volunteer placements and networking events. Since launching two years ago, Luminari has acquired 12,000 members to its platform. The company’s client list spans the spectrum from tech up-and-comers like Wealthsimple to traditional enterprises like Ernst & Young and TELUS.

The company is a member of Toronto tech hub OneEleven and is an alumnus of Creative Destruction Lab’s 2018 machine learning unit. Michael Kravshik, founder and CEO of Luminari said the job platform now uses machine learning to improve its algorithm in matching CPAs to job offers.

“Luminari really is about brand building and community building,” said Kravshik. “We believe it’s our role at Luminari to usher in this evolution of a modern CPA, and in doing so, change the perception of our oft-forgotten profession as simply number crunchers.”

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