Albeo Technologies Receives $8,000,000 New Financing

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=4f21fa4f-1919-47b5-9760-fde25f33a92d&Preview=1
Date
3/20/2012
Company Name
Albeo Technologies
Mailing Address
2108 55th St. Boulder, CO 80301
Company Description
AlbEO Technologies, Inc. is a privately funded start-up in Boulder Colorado with a Mission to combine art, design, and technology to create lighting systems with superior performance, superior reliability, and dramatically reduced power consumption.
Website
http://www.albeotech.com
Transaction Type
Debt, Venture Equity
Transaction Amount
$8,000,000
Transaction Round
Undisclosed
Proceeds Purposes
The funding allows Albeo to increase both the breadth of its LED lighting portfolio and depth of its channel presence. The new capital will also create a stronger financial base that allows the company to continue its rapid, sustainable growth.
M&A Terms
Venture Investor
Braemar Energy Ventures
Venture Investor
Green Spark Ventures
Venture Investor
Silicon Valley Bank