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

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