Lumenpulse Raises $16M For LED Manufacturing

By Boston Business Journal

Lumenpulse Inc., an LED lighting manufacturer based in Montreal and Boston, announced today that it has completed a $16 million Series A equity and debt round, which includes a loan and line of credit from Silicon Valley Bank.

Lumenpulse, founded in 2006, said participants in the equity portion of the filing included the company’s management, the board of directors and private investors.

The company said in a news release that its lighting projects include work at BC Place Stadium in Vancouver, the Yale-New Haven Hospital atrium, the "Lantern of Hope" at Banner MD Anderson Cancer Center in Gilbert, Ariz., and BMW U.S. Headquarters in New York.

“This financing allows us to invest in international market expansion ahead of plan, to further enhance our product development capabilities and to ensure our manufacturing strategies and capacity are solidly in place to meet the accelerating demand for our products," said François-Xavier Souvay, Founder, President and CEO of Lumenpulse.

Copyright 2011 American City Business Journals

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