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Article: Bridgelux Secures $40 Million in Financing.
- Article from:
- PR Newswire
- Article date:
- April 8, 2008
CopyrightCOPYRIGHT 2008 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Company Closes Series D Funding Round - Demonstrates Investment Community's Confidence in Company's LED Technology Strategy
SUNNYVALE, Calif., April 8, 2008 /PRNewswire/ -- Bridgelux, Inc., a leading supplier of energy-saving LED technology for high-volume, solid-state lighting markets, today announced it has completed its latest round of financing, totaling approximately $40 million. This latest round includes $30 million of private equity investment and approximately $10 million of bank lines of credit. This funding will allow Bridgelux to aggressively pursue its strategy for product development and market expansion, while continuing to drive its technology ...
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