LEDeXCHANGE, a Rheinbreitbach, Germany-based startup that sells proprietary LED Lamps and Tubes, raised its third financing round of the undisclosed amount.
During the course of the round, existing backer High-Tech Gruenderfonds, which had invested in the company in 2012 (read here), sold its shares through a profitable secondary transaction to a private investor.
LEDeXCHANGE intends to leverage the funds for further expansion following a round closed in 2013 from WFT in Rhineland-Palatinate used to consolidated its market position in Germany.
Founded in 2011, the company develops and produces LED lighting products and distributes these exclusively in the B2B marketplace. It offers a broad palette of LED lighting systems suitable for large-scale retrofit projects and is now present in over 10 locations in Germany and in several European countries.