Light-Based Technologies raises $7.5 Million

Posted by Rob Lewis

Vancouver's Light-Based Technologies Inc. (LBT) announced this morning that they have closed a US $7.5 Million financing round. The Series B round of investment was lead by VantagePoint Venture Partners and as part of the investment, VantagePoint's Managing Director, Marc van den Berg has joined the board of LBT.

The funding will be used primarily to expand sales efforts to Tier 1 customers, as well as to build on and expand the existing intellectual property portfolio that LBT is commercializing.

Comments LBT CEO Jeanette Jackson, "Having VantagePoint as a lead investor and adding Marc to our board with this investment will open doors for LBT that were previously difficult to get open. With more than $4.5 billion under management and a portfolio of companies in the same industry as LBT, we look forward to taking full advantage of the synergies and connections that they will bring as we scale up our licensing and sales efforts."

Techvibes recently interviewed Jackson who will be attending the upcoming CONNECT Conference in Vancouver and participating in the Partnerships stream of the Lightning Lessons.

TSX Venture Exchange traded Angel fund Greenangel Energy Corp has and equity position in LBT.

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

Company:
GreenAngel Energy Corp
Website:
http://www.greenangelenergy.ca
Location:
Vancouver, British Columbia, Canada

GreenAngel Energy Corp. is a green energy technology company. Our focus is commercializing new technologies that produce renewable energy, improve energy efficiency, or use renewable energy resources such as water, wind and solar. We also seek companies that deploy or manage technologies and processes that reduce greenhouse gas (GHG) emissions. Our approach provides shareholders with the opportunity to invest in... more


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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



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