Tuesday, March 20, 2012

Albeo Technologies Gets $8M For LED Lighting

Boulder-based Albeo Technologies, a developer of solid state, LED lighting products for the industrial and commercial market, announced this morning that it has raised $8M in a Series C funding round. The firm said the round was led by Braemer Energy Ventures, and also included Green Spark Ventures. In addition to the equity funding, Albeo also said it has scored a working capital finance line from Silicon Valley Bank. Albeo is headed by Jeff Bisberg. Albeo's LED lighting products are used in industrial and commercial buildings, in high bay and low bay, surface mount, under the cabinet fixtures, and other applications. More information »