Lumate, a startup that uses big data in an effort to improve mobile advertising for companies and consumers, is among the latest companies to graduate from the T-REx co-working space in St. Louis and move into its own downtown space a few blocks away. Startups such as Pixel Press and FoodEssentials made similar moves earlier this year.
Lumate Chief Creative Officer Jonathan Leek said the company, now with nearly 20 employees, had simply outgrown its space in T-REx. Rosa Mayer, the community manager for T-REx, said the moves are a positive sign that T-REx startups are growing so that they need to move into bigger office spaces. “When a company is too big to share space at T-REx, we want them to be in walking distance radius so we build a strong neighborhood downtown,” Mayer said.
In 2012, Lumate, formerly IDC, posted $100,000 in revenue on mobile ads.