Albeo Technologies Raises $8 Million to Invest LED Lighting Market

Albeo Technologies has raised a total of $8 Million in Series C equity and debt financing to increase both the breadth of its LED lighting portfolio and depth of its channel presence.

The equity investment was led by Braemar Energy Ventures, and was joined by existing investor Green Spark Ventures. Silicon Valley Bank provided a working capital financing line.

Jeff Bisberg, CEO of Albeo, announce that, “We are extremely proud to become part of the Braemar team. With Braemar’s existing portfolio and network in the LED and lighting sector, their strategic partnership will be invaluable in helping Albeo better support the lighting needs of our customers. We look forward to continuing our current trajectory of growth and are excited about potential future opportunities.”

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