Laser Light Engines Receives $13,000,000 Series B Funding Round

  • Feed Type
  • Date
    9/21/2010
  • Company Name
    Laser Light Engines
  • Mailing Address
    8 C Industrial Way Salem, NH 03079
  • Company Description
    Laser Light Engines is a new company developing an innovative digital light source to upgrade the future cinema experience.
  • Website
    http://www.laserlightengines.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $13,000,000
  • Transaction Round
    Series B
  • Proceeds Purposes
    Laser Light Engines will use the proceeds of this round of financing to commercialize its RGB (Red/Green/Blue) laser technology, dramatically reducing operating costs for movie theater owners for a potential per screen savings of $10,000 a year by eliminating the need to replace expensive Xenon arc lamps (projector bulbs) and reducing electricity use as much as 50%.
  • M&A Terms
  • Venture Investor
    Braemar Energy Ventures
  • Venture Investor
    Harris & Harris Group
  • Venture Investor
    Undisclosed