Light-Based Technologies Closes $7.5m Financing Round

Light-Based Technologies (LBT) has closed the second tranche of a financing round totalling $7.5m. The series B Round of investment was lead by cleantech-focused venture capital firms VantagePoint Venture Partners and Chrysalix Energy Venture Capital.

As part of the investment, LBT has added to its management team, appointing Art Aylesworth as CEO, Matthew Watson as COO and Barry Hagglund as CTO. Aylesworth was recently CEO of Carmanah Technologies for five years, during which time sales grew to over $60m and the workforce increased by more than twenty fold.

The funding will be used primarily to expand sales efforts, as well as to build on and expand the existing intellectual property portfolio that LBT is commercialising, the company said.

The addition of this experienced management team will help drive LBT’s already rapid rise to a leadership position in developing the world’s most advanced controls for LED lighting.

  • LBT
Disclaimers of Warranties
1. The website does not warrant the following:
1.1 The services from the website meets your requirement;
1.2 The accuracy, completeness, or timeliness of the service;
1.3 The accuracy, reliability of conclusions drawn from using the service;
1.4 The accuracy, completeness, or timeliness, or security of any information that you download from the website
2. The services provided by the website is intended for your reference only. The website shall be not be responsible for investment decisions, damages, or other losses resulting from use of the website or the information contained therein<
Proprietary Rights
You may not reproduce, modify, create derivative works from, display, perform, publish, distribute, disseminate, broadcast or circulate to any third party, any materials contained on the services without the express prior written consent of the website or its legal owner.
XLamp® CTW LEDs bring lighting flexibility to life New XLamp® CTW Series – Two-Channel CCT-Tunable White COB LEDs Cree LED’s XLamp CTW Series redefines CCT-tunable COB LEDs with unmatched lumen density, efficiency and de... READ MORE
ams OSRAM, a global leader in innovative light and sensor solutions today held a roundtable forum spotlighting new opportunities with high precision illumination characterization. The event brought together experts from industry, academia, and... READ MORE