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Lumi Labs, a consumer app incubator co-founded by former Yahoo CEO Marissa Mayer, has raised $20 million in venture capital funding, according to an SEC filing.

The intrigue: Lumi is based at 165 University Ave. in Palo Alto, where Google was headquartered in 1999 when Mayer became one of its earliest employees. She declined to comment when contacted by Axios.

Marissa Mayer's startup raises $20 million

Marissa Mayer at a TechCrunch conference.

Marissa Mayer. Photo: Steve Jennings/Getty Images for TechCrunch

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Marissa Mayer

Technology

Lumi Labs, a consumer app incubator co-founded by former Yahoo CEO Marissa Mayer, has raised $20 million in venture capital funding, according to an SEC filing.The intrigue: Lumi is based at 165 University Ave. in Palo Alto, where Google was headquartered in 1999 when Mayer became one of its earliest employees. She declined to comment when contacted by Axios.

After a record economic expansion, the coronavirus pandemic sent the U.S. economy into a recession as unemployment soared to staggering heights. The country now faces urgent questions about how much stimulus is needed for reeling consumers and businesses, and what a recovery might look like.

Marissa Mayer's startup raises $20 million

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