Smart LED Lighting Company Digital Lumens Bags $23m in VC Funding… Whilst Samsung Gets Cold Feet

Digital Lumens, founded in Boston in 2008, just secured another $23m in Series C VC Investment. Investors in this round included Goldman Sachs, Stata Venture Partners, Flybridge Capital Partners, Black Coral Capital, Aster Capital & Nokia Growth Partners. They have now raised a total of $49.3m in 5 funding rounds from 6 Investors. Further details of Investment and M&A in LED Lighting can be seen in our report LED Lighting in Buildings 2014 to 2018 - Digital Lumens are "front and centre" among companies like Daintree Networks and Enlighted, providing enterprise scale intelligent LED lighting systems to commercial and industrial customers. These intelligent fixtures and controls have embedded networking and sensing capabilities. With the ‘Internet of Things’ coming closer to reality and LEDs providing the potential to control every aspect of a light’s characteristics; smart lighting control systems provide another huge potential growth area for lighting companies. Smart control systems are becoming increasingly important […]

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