Design LED Products Ltd, a Livingston, UK-based specialist lighting and LED enterprise, has closed the £639k second tranche of its funding round.
Investors include the Scottish Investment Bank’s co-Investment Fund, Borders based investment syndicate TRI Cap, Braveheart Investment Group and Highland Venture Capital members.
Braveheart led the first close of £1.1m in January 2011, in which in Siemens AG was also an investor.
The company intends to use the funds to accelerate its plans to enter the high growth lighting and LCD TV backlighting market.
Formed in 2004 and led by CEO Stuart Bain, the company has developed and patented technology to embed light emitting diodes (LEDs) within printed light-guide devices, enabling clients to produce thin, flexible, high efficiency light panels and displays suitable for a range of applications, from consumer electronic devices to large area LED lighting and LCD TV backlighting.
FinSMEs
24/08/2011