Bridgelux Adds $60 Million for LED Push

Bridgelux Inc. has raised $60 million in a Series E round of venture capital funding.

They would use the money to accelerate R&D in key areas including GaN-on-Silicon development and LED chip-on-board packaging.

"Craton Equity Partners is a top growth-stage investor in clean tech, and we welcome their support as we work to expand the market for solid state solutions for general lighting - which we expect to triple this year to over $3 billion," said Bill Watkins, Bridgelux's CEO, in a statement issued by Craton.

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