16 Aug 2011

Lumenpulse wins funding

Lumenpulse Inc., a manufacturer of architectural LED-based lighting products, has completed a $16 million Series A equity and debt round. The funding will be used to support the company’s growth and to extend its market and product development.

The investment came from a select group of private investors and includes participation from the company’s management and board of directors. In addition, the financing includes a new term loan and working capital line of credit from Silicon Valley Bank (SVB).

“This financing allows us to invest in international market expansion ahead of plan, to further enhance our product development capabilities and to ensure our manufacturing strategies and capacity are solidly in place to meet the accelerating demand for our products," said François-Xavier Souvay, the company’s president and CEO.

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