Bridgelux Inc., a Livermore, California-based developer and manufacturer of LED lighting technologies, has received a $60m Series E financing.
The round was led by Craton Equity Partners, with participation from existing investors VantagePoint Capital Partners, DCM, El Dorado Ventures, Novus Energy Partners, Invus Group, VTS, Harris & Harris Group and Passport Capital, among others.
Bridgelux plans to use the funds to accelerate research and development in key areas of strategic focus for the company, including GaN-on-Silicon development and LED Chip-on-Board architecture.
Led by CEO Bill Watkins, Bridgelux is a LED developer of solid-state light sources designed to replace traditional technologies (incandescent, halogen, fluorescent and high intensity discharge lighting) and enable lamp and luminaire manufacturers to provide high performance and energy-efficient white light for the interior and exterior lighting markets, including street lights, commercial lighting and consumer applications.
In conjunction with the financing, David Asarnow, principal, Craton Equity Partners, will join the company’s board as an observer.