Commodities
Silicon Valley Bank Provides Credit Line To LED Firm Lumenpulse
By Silicon Valley / San Jose Business Journal
Lumenpulse Inc. said Monday it raised $16 million in Series A equity and debt financing. The funding is expected to be used for market and product development growth. The Montreal-based company makes LED lighting technology for commercial, institutional and urban settings. Its CEO is François-Xavier Souvay. The equity came from undisclosed private investors, the company's management team and its board of directors. Silicon Valley Bank provided a new term loan and working capital line of credit to Lumenpulse. Silicon Valley Bank is a subsidiary of Santa Clara-based financial holding company SVB Financial Group (NASDAQ:SIVB). Click here to read the press release from Lumenpulse. Written by Lisa Sibley. She can be reached at 408.299.1830 or lsibley@bizjournals.com. Copyright 2011 American City Business Journals http://www.bizjournals.com/sanjose/news/2011/08/08/silicon-valley-bank-provides-credit.html?ana=thestreetTheStreet Premium Services
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