Bridgelux Raised Additional $15 million
Oct 25, 2011 Steven E.F. Brown from San Francisco Business Times reports that Bridgelux Inc. has successfully completed another round of financing for $15 million. VantagePoint Capital Partners, DCM, El Dorado Ventures, Novus Energy Partners, IFA, Chrysalix, Harris & Harris Group, Craton Equity Partner, Jebsen Asset Management and Passport Capital participated in this financing round. To date Bridgelux has raised about $195 million in financing.
Author also notes that earlier this year Bridgelux has collected $60million in financing. The company has cut 53 jobs in fall 2011. the layoffs were announced to be related to a new, cheaper way of manufacturing its solid state lighting.
Author: Alice Jones
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