ShineOn Completes Series B Financing

ShineOn Holding Incorporation, a Beijing, China-based high-tech company focusing on packaging, chip and applications design for the high brightness LED market, closed a Series B financing round.
Investors include Mayfield Fund, GSR Ventures, Northern Light Ventures and IDG-Accel Capital.
This round, which brings the total amount raised by the company to date to $51.5m, will support ShineOn in ramping up and expanding its production capacity.
Led by President Dr. Frank Fan, the company produces LED products for LCD backlighting applications for various panel sizes, including TVs, monitors, and notebooks.

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