Other investors include 4th Level Ventures, an early stage technology fund and existing shareholder.
Nualight’s LED light fixtures are used for illuminating display cases in international food and high-end retail chains. Supermarket customers include Tesco plc, Switzerland’s Migros and Co-op chains and Rewe in Germany. Nualight also supplies under private label contracts to leading global companies.
In conjunction with the funding, Simon Drury, a CPE Partner, will take a seat on Nualight’s Board of Directors.
The company also has global outsourcing partners in Europe and North America.