Lumenpulse Gets $16 Million to Expand LED Lighting Manufacturing
By Baldave Singh -
2011-08-09T04:03:09Z
Lumenpulse Inc., a Canadian manufacturer of LED lighting fixtures, received $16 million from management and board members to increase production and expand international sales.
The Series A funding round also included contributions from private investors, Montreal-based Lumenpulse said today in a statement. It didn’t name the investors.
The funding includes a term loan and a working capital line of credit from Silicon Valley Bank, Lumenpulse said. Terms of the debt weren’t disclosed.
To contact the editor responsible for this story: Baldave Singh at bsingh35@bloomberg.net
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