iVision UK Ltd, Cwmbran, Wales-based company which develops and manufactures LED (light-emitting diode) systems., has received £700,000 in debt and equity investment from Finance Wales.
This is third funding round in the company since start-up.
iVision UK will use the funds to extend its lighting solutions to a wider range of commercial applications, including car parks, warehouses and cold storage areas, as well as to expand its client base, attracting more blue chip companies.
Commenting on the investment, Geoff Jones, managing director at iVision UK, was quoted as saying: “LED technology is becoming more important as businesses, designers and architects realise the savings that can be made by reducing carbon emissions. “Finance Wales’ investment puts us in a strong position for continuing our company’s growth”.