The investment attracted a mix of global venture firms including Flourish Ventures, 20VC, P1 Ventures, Enza Capital, Phosphor Capital and Y Combinator.

Several high-profile tech founders also participated as angel investors, among them Henri Stern of Privy, Kaz Nejatian of Opendoor and Med Benmansour of Nuitee.

Founded by Lorcan O’Cathain and Stefan Kruger, Lua is developing what it describes as an operating system for workplaces where human teams and AI agents collaborate.

The two founders previously worked together in East Africa’s fintech sector, where they held senior leadership roles while scaling a business experience that shaped their approach to building operational tools for companies.

The company says its platform is designed to remove technical barriers that often limit the use of AI in business operations.

Instead of relying on complex infrastructure, organizations can use Lua to create and manage “agent workforces” that handle tasks such as workflows, data processing and customer interactions, while still involving human oversight when needed.

Since launching its developer platform in October 2025, Lua has reported rapid traction.

Revenue has been increasing at close to 30 percent week-on-week, and in February 2026 alone, more agents were created on the platform than in all previous months combined.

The newly raised capital will go towards expanding the company’s developer ecosystem and growing its Lua Implementation Network, a global group of partners deploying its technology across different markets.

O’Cathain said the company is focused on helping businesses treat AI agents as a core part of their workforce rather than a separate tool.

“The companies that will win over the next few years are the ones that build their agent workforce with the same intentionality they bring to their human workforce,” he said.

He added that many existing solutions either require deep technical expertise or lock businesses into rigid systems.

“Most businesses are either blocked by technical complexity or locked into tools that don’t reflect how their teams actually work,” O’Cathain said, noting that Lua aims to give companies full control over how their agents operate and scale.

Investors say the company’s global footprint and experience working across markets such as Africa, Asia, Europe and the United States played a key role in the decision to back it.

“We are thrilled to support Lua,” said Lexi Novitske, General Partner at Norrsken22.

“The founders fundamentally understand how agent and human workforces need to collaborate to get work done.”

She added that the company’s exposure to different markets and its data-driven approach position it well to build a widely adopted system for managing mixed human and AI teams.