Lumenpulse Inc., a Montreal, Qc, Canada-based manufacturer of LED-based lighting solutions, has completed a $16m Series A equity and debt round of financing.
Investors include private backers and the company’s management and board of directors. The debt financing was provided by Silicon Valley Bank (SVB).
The company intends to use the funds for international market expansion and product development.
Founded in 2006 by President and CEO François-Xavier Souvay, Lumenpulse develops and manufactures high performance, sustainable architectural LED-based fixtures and solutions for commercial, institutional, and urban environments. The company also specializes in the design, manufacturing and commissioning of large scale, customized, LED lighting solutions worldwide.