Light-Based Technologies Raises $7.5M in Series B Financing

Sep 12, 2011 Light-Based Technologies Inc., Vancouver based developer and manufacturer of control and power solutions for LED applications, has announced successful completion of the second round of funding. Their Series B financing round brought in $7.5M. The financing was led by Chrysalix Energy Venture Capital and VantagePoint Capital Partners.

According to the official press release the company also added three highly experienced executives to the top management - Art Aylesworth, Matthew Watson and Barry Hagglund.  Art  Aylesworth will become the new acting CEO of the company, while the founding CEO - Jeanette Jackson - will take a position of Chief Marketing Officer to focus on the strategic customer relationships.

  Full details on the company changes and strategic forecasts can be found at the official press release at:  www.lightbased.com.

Author:  Alice Jones

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