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Bridgelux’s
investors are confident in the company’s entrepreneurial management
team and ability to deliver compelling technologies that will drive
fundamental technology changes in the global energy industry. To
this end, the company just closed its Series D round of funding,
totaling more than $40 million. This latest round of funding includes
$30 million in new equity investments and a $10 million line of
credit, which will be used for product line and market expansion
along with technology R&D. This follows last August 2007’s
series C venture funding round, which raised more than $23 million.
Leveraging its innovative technology and its strong financial backing
as evidenced here, Bridgelux is fully poised to take advantage of
future robust growth in the LED market.
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| © 2008 Bridgelux Inc. All rights reserved. |
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