Light-Based Technologies closes $7.5 Million round and shuffles executives

Posted by Rob Lewis

Vancouver's Light-Based Technologies has closed the second tranche of a financing round totaling $7.5 Million.

The Series B round of investment was lead by VantagePoint Venture Partners and Chrysalix Energy Venture Capital. As part of the investment, Light-Based Technologies has added to its management team, appointing Art Aylesworth as CEO, Matthew Watson as COO, and Barry Hagglund as CTO.

New CEO Aylesworth was most recently CEO of the solid state lighting company Carmanah Technologies where he built the team from 12 to 250 people and grew sales to over $60 million in five years.

Jeanette Jackson, Light-Based Technologies' founding CEO, will transition to Chief Marketing Officer for the company, focusing on strategic customer relationships and industry association participation. Light-Based Technologies is based on technical developments from Jeanette Jackson's father, Vern Jackson.

Light-Based Technologies closed an identically sized $7.5 Million financing round on September 30, 2010.

Company:
Light-Based Technologies
Website:
http://www.lightbasedtechnologies.com
Location:
Vancouver, British Columbia, Canada

Light-Based Technologies delivers revolutionary analog technologies and full engineering support for the power and control of solid state lighting products. Our solutions are more efficient and put less strain on natural resources from the materials required to manufacture components to the power to operate final products. This also happens to reduce your costs as an added benefit. Light-Based Technologies offers... more


Similar Posts


blog comments powered by Disqus

Rob Lewis

Rob Lewis

Rob is the President of Techvibes Media and Editor-in-Chief of Techvibes.com.  His diverse background includes stints in International Trade Finance, Web Development, and Enterprise Software and he is a graduate of the University of British Columbia, British Columbia Institute of Technology, and Simon Fraser University. When not running Canada's leading technology media property, Rob can be... more



Who's Hiring



Recent Comments

Powered by Disqus