12 Apr '11, 4pm

Digital Lumens Raises $10M: Digital Lumens has raised $10 million in Series B funding along with a new working...

Digital Lumens Raises $10M: Digital Lumens has raised $10 million in Series B funding along with a new working...

Digital Lumens has raised $10 million in Series B funding along with a new working capital line of credit. The funds will be used to expand product development, increase international sales and distribution and continue to lead the field of LED lighting systems, according to a statement released on Tuesday. The investors include Black Coral Capital, Flybridge Capital Partners and Stata Venture Partners, which have provided a total of $25 million to the Boston-based company. “The company has rapidly taken a leadership position in the intelligent lighting market with an innovative, systems-based approach and superior products that are meeting customers’ needs, while revolutionizing the economics of industrial lighting,” Jon Karlen, General Partner at Flybridge Capital Partners, said in a statement. “We see such compelling opportunities for Digital Lumens that, while outside ...

Full article: http://www.greentechmedia.com/articles/read/digital-lumen...

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greentechmedia.com 11 Apr '11, 10pm

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