LED lighting Company Lumenpulse Closes $16M Series A round

Lumenpulse, a manufacturer of high performance, architectural LED-based lighting solutions for commercial, institutional, and urban environments based in Montreal and Boston, announced today that it has completed a $16 million Series A equity and debt round, which includes a loan and line of credit from Silicon Valley Bank. Participants in the equity portion of the filing included the company’s management, the board of directors and private investors.

Founded in 2006, Lumenpulse is establishing a leadership position within the LED fixtures market based on significant demand for its award-winning product families.  In 2011, its specification-grade, sustainable products have won a number of prestigious awards including an Innovation Award at Lightfair and two PIA Gold Medals awarded by Architectural SSL Magazine. As a result, orders for the Company’s products continue to increase throughout North America; recent key landmark projects such as BC Place Stadium in Vancouver, the Yale-New Haven Hospital atrium, the "Lantern of Hope" at Banner MD Anderson Cancer Center in Gilbert, AZ, and BMW US Headquarters in New York all chose Lumenpulse to achieve their lighting goals.

The LED fixtures market is projected to triple over the next three years, reaching $9B by 2014 according to Strategies Unlimited. 

"Based on the growing worldwide opportunity for our products, we are now focused on bringing the vision of the company to life for our clients, with cutting-edge architectural LED fixtures that meet the needs of architects and lighting designers from a design, performance and a sustainability perspective. This financing allows us to invest in international market expansion ahead of plan, to further enhance our product development capabilities and to ensure our manufacturing strategies and capacity are solidly in place to meet the accelerating demand for our products," said François-Xavier Souvay, Founder, President and CEO of Lumenpulse.

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