Bridgelux, a maker of light- emitting diode technologies, has secured $60 million in ‘Series E’ venture capital financing. The investment round was led by Craton Equity Partners, while existing investors, including VantagePoint Capital Partners, DCM, Invus Group and Passport Capital also participated in the fundraising process.
The company intends to use the new funding to catalyze research and development in key areas of strategic focus for the company. David Asarnow, principal, Craton Equity Partners, will be added to Bridgelux board as an observer.
Click here for the release from PR Newswire.