Albeo Technologies Lands $8,000,000 New Round

  • Feed Type
  • 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