Ledzworld, the Netherlands-based developer of LED lighting solutions for the professional segment, raised $5m in funding.
The company intends to use the funds to expand sales efforts and manufacturing capabilities.
Led by newly appointed CEO Ken Chakravarti (already Chief Technology Officer), Ledzworld develops, designs and manufactures LED lighting solutions for a selected range of brands. Its product portfolio includes LED lamps and LED modules that are based on a technology platform which ensures compatibility with existing infrastructure and easy installation.
The company manages and controls its own supply chain and manufacturing from its operational headquarters in Penang, Malaysia and has additional sales offices in Europe and the United States to cover its global customer base.