LumiQ Inc.

LumiQ Inc. , based in Canada, provides innovative audio-based continuing professional development solutions tailored for Certified Public Accountants (CPAs), enhancing professional learning through engaging podcast content. Founded in 2016 in Toronto, Canada, LumiQ Inc. specializes in delivering professional development through audio content.

The company was co-founded by Adam Bercovici and Michael Kravshik, with Michael currently serving as CEO. In September 2024, LumiQ was acquired by Vertu Capital, which will support its growth strategies. To date, the company has completed 6 funding deals, raising a total of CAD 5. 000 mn, with the latest funding round occurring in September 2024.

LumiQ specializes in providing innovative continuing professional development (CPD) solutions primarily through engaging podcast content tailored for Certified Public Accountants (CPAs) in Canada. Their core offering includes a variety of educational podcasts that deliver insightful content through multiple formats such as narrative storytelling, casual conversations with industry experts, instructor-led sessions, and video tutorials. This diverse format caters to a broad audience within the accounting sector, including individual CPAs and teams within top North American accounting firms. LumiQ enhances professional learning beyond traditional technical training by introducing fresh content weekly that resonates with its users, ensuring compliance with federal and provincial regulations while attracting a user base that values engaging CPD experiences.

LumiQ generates revenue primarily through subscription-based models that cater to both individual CPAs and corporate teams. Clients typically subscribe to access a library of CPD episodes that qualify for verifiable professional development hours. The pricing structure accommodates various customer needs, offering plans for individuals or larger teams, thereby enhancing accessibility to their educational resources. Transactions occur directly between LumiQ and its clients, with payments made for subscription services that provide ongoing access to their podcast content.

The firm has established itself as a trusted provider among industry leaders, fostering partnerships that solidify its market position while delivering high-quality, compliance-oriented CPD solutions. Following its acquisition by Vertu Capital in September 2024, LumiQ Inc. aims to enhance its domestic and international growth. The company is planning to expand its product offerings and enter new markets, including further penetration across Canada and potential expansion into the United States by mid-2025.

The recent investment will support the development of new educational content and improved marketing strategies to reach a broader audience.