Luminii provides CDD support to Maven on their investment in Plyable

07 Oct 2022 /

Luminii are delighted to have provided Commercial Due Diligence (CDD) support to Maven on their investment in Plyable, a custom composite marketplace.

Plyable has developed proprietary software that uses the latest AI and machine learning technology to automate the quoting, design and manufacture of composite tooling. Its innovative platform is helping clients to create prototypes that are 20% cheaper whilst significantly reducing end product lead times compared to standard methods.

The software takes the customer's CAD file, analysing its mould-ability as well as highlighting potential areas for improvement in a matter of seconds. Machine Learning is then used to build quotes solely based on component geometry. The pricing model is dynamic with shipping calculated using an API in real-time based on user location, dimensions and weight. Composite moulds are then created through one of the Company's 150+ global verified suppliers who are assigned jobs through the platform's exclusive supply chain technology speeding up the entire procurement process, reducing timelines from months to days.

Plyable will use the funding to significantly expand its headcount over the next two years, further develop its software, and grow its footprint in Europe and North America.

The global composites market is estimated at $95.3 billion and is expected to increase at a rate of 6.3%. Growth is being driven by increasing demand for performance materials in the automotive, aerospace and defence sectors where the superior weight-to-strength ratio is increasing fuel savings. An increased awareness of sustainability and environmental issues are also leading to a greater adoption of composite materials.

"Luminii are delighted to have supported Maven on this transaction. This is yet another deal that helps to further strengthen our credentials in the TMT and Manufacturing sectors, having worked on several deals in this space recently. We wish Maven's and Plyable's management team continued success for the future."
Lushani Kodituwakku, Managing Director, Luminii Consulting

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CLIENT TESTIMONIALS

  • We engaged Luminii for Commercial Due Diligence support on one of our recent investments and we were highly impressed with their high-quality report, professionalism, and flexibility. Luminii were able to address our key questions and due diligence requirements against a tight deadline. They conducted a robust primary research programme, consisting of referencing and surveys and we appreciated their timely updates throughout our engagement. Luminii's team is highly collaborative, showcased by how they worked with us as well as the Management team, other advisors, and our lenders, which we appreciated. We would not hesitate to recommend their services and look forward to working with them again in the future.

    Global Private Equity Firm with €20 Billion Assets Under Management

  • To date, the Luminii team have supported us on over 20 deals. They have consistently delivered high quality CDD reports, always against tight deadlines and to above expectation. They offer good value for money. Luminii are quick to understand our needs, offer sound advice and support on complex topics. Their ability to tailor the scope to our needs, focus on the core issues of each project and not being afraid to give their opinion backed by sound research and analysis is a great benefit to us. I would recommend their services without hesitation.

    Private Equity Firm with £4 billion Assets Under Management

  • Luminii Consulting proved themselves to be a highly flexible and dedicated team who delivered a high quality CDD report in a complex tech sector. They were able to cover a wide scope across multiple geographies to a strict deadline and provided us with the required insight and strategic advice to make an informed decision. We appreciated their effort and enjoyed working with the Luminii team.

    Private Equity and Venture Capital Firm with £9.1bn Funds Under Management

  • It was great to work with the Luminii team who provided us with clear, focused and thorough commercial insight. Their work was hugely helpful in both assessing the investment opportunity and informing the key focus areas of the growth plan. We appreciated Tina, Ethan and Lushani's support throughout the process and look forward to working with them again.

    Private Equity Firm with £4.5bn+ Assets Under Management

  • Luminii Consulting consistently demonstrate a high level of focus and expertise and have delivered several high quality CDD reports for us across different sectors. Their approach is thorough and professional and has provided us with the evidence and insight needed to support our investment decisions.

    Venture Capital Firm with £1 billion of Assets under Management

  • We engaged Luminii to deliver Vendor Commercial Due Diligence support. From the outset, their team demonstrated a deep understanding of investor priorities, crafting a well-considered scope of work that addressed key industry dynamics and anticipated investor questions. They delivered a high quality VCDD that helped articulate our value proposition, clarify our market positioning, substantiate our competitive differentiation, and validate key assumptions in our business plan. Their collaborative approach stood out, engaging seamlessly with all stakeholders involved, from our management team to the Corporate Finance Advisors, the exiting PE firm and potential bidders. Luminii proved to be a dependable partner, driven by a genuine passion to support us in our journey and their commitment to excellence.

    Risk Management and Intelligence Provider (Vendor Commercial Due Diligence)

  • Luminii’s clear, concise, and easy-to-digest reports have equipped our senior management team with the strategic clarity needed to make critical decisions. Their work has played a pivotal role in driving revenue growth and shaping our long-term strategic direction. Looking ahead, we are excited to embark on our fourth project with Luminii to assess global market opportunities and propel us into the next phase of growth. I highly recommend Luminii to any business seeking insightful, results-driven strategic and value-creation support.

    Luxury Product Manufacturer & Retailer

  • The Luminii team did an excellent job of covering the project objectives set & provided us with invaluable research & information that helped us with our business direction & decisions. They understood our business needs and were thorough, diligent, and offered sound advice. We have since progressed well with market entry & have moved forward with one of their contacts who is now running our office in the target market in Spain. We would certainly recommend them to other businesses looking for support!

    Global Freight Company

  • We were impressed with Luminii. You delivered what you promised, the information was useful and actionable, which is what we were looking for. In addition, you were responsive and timely, and the team liked the way you worked. Would I recommend you if someone called me? I definitely would, with an enthusiastic recommendation.

    Global SaaS Company

  • Luminii provided us with an excellent report which included comprehensive analysis of our market and business alongside clearly articulated actionable post-deal recommendations. The report has been utilised by management post-deal to help inform our 100-day plan as well as the company's wider strategic priorities. Furthermore, it was great to work with a team who were very collaborative and passionate about giving the best value to their clients.

    Leading Leisure Tech Provider