Lumenpulse Receives $16M in Series A to Expand International Market Development and Enhance Product Line
Aug 9, 2011 According to the Lumenpulse press release it has completed a $16 million Series A equity and debt round to be used to support the growth of Lumenpulse and to extend market and product development. This equity investment came from a select group of private investors and includes participation from the Company’s management and board of directors. In addition, this financing includes a new term loan and working capital line of credit from Silicon Valley Bank (SVB).
Founded in 2006, Lumenpulse is establishing a leadership position within the LED fixtures market based on significant demand for its award-winning product families. In 2011, its specification-grade, sustainable products have won a number of prestigious awards including an Innovation Award at Lightfair and two PIA Gold Medals awarded by Architectural SSL Magazine. As a result, orders for the Company’s products continue to increase throughout North America; recent key landmark projects such as BC Place Stadium in Vancouver, the Yale-New Haven Hospital atrium, the "Lantern of Hope" at Banner MD Anderson Cancer Center in Gilbert, AZ, and BMW US Headquarters in New York all chose Lumenpulse to achieve their lighting goals.
For more information, please visit www.lumenpulse.com.
Author: Alice Jones
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