Light-Based Technologies (LBT) develops and manufactures control and power electronic solutions for LED-based solid-state lighting. The company is based in Vancouver, BC, Canada, with a development office in Torrance, California. LBT is using the new funding to add to its management team, expand sales efforts to Tier 1 customers, and build on and extend its existing intellectual property portfolio. In conjunction with the financing the company appointed Art Aylesworth as CEO, Matthew Watson as COO, and Barry Hagglund as CTO; founding CEO Jeanette Jackson will transition to CMO to focus on strategic customer relationships and industry association participation. The company is also backed by GreenAngel Energy Corporation (TSX VENTURE:GAE).

Total raised

$8M

Funding rounds

1

Latest round

Series B

Latest activity

Sep 2011