• Zilift Limited

  Participated · Equity · May 2012

  ZiLift is an Aberdeen-based developer of next-generation artificial lift solutions aimed at enabling downhole pumping where current systems cannot be deployed. The company focuses on gas well deliquification, oil and heavy oil applications and is working on several E&P client‑sponsored projects. Its technologies seek to reduce time and cost associated with installing and servicing conventional artificial lift equipment. ZiLift says the global artificial lift market is estimated at about US$6 billion and notes artificial lift technologies are used in roughly 80% of oil wells worldwide. The company was established in May 2010, is headquartered in Aberdeen and employs 28 personnel. Proceeds from the recent financing will be used to complete product development and achieve commercialisation; prototype testing is in its final stage with field trials planned for the second half of 2012. ZiLift is pursuing joint development programs with ConocoPhillips, Chevron and a major Middle East operator to accelerate deployment and commercialisation.

• BridgeLux

  Participated · Equity · Oct 2011

  Bridgelux develops and manufactures LED lighting technologies and solutions and is based in Livermore, California. Led by CEO Bill Watkins, the company is a pioneer in solid-state lighting with patented light source technology. Its integrated solid-state solutions are designed to replace incandescent, halogen, fluorescent and high-intensity discharge lighting with high-performance, energy-efficient white light. Target markets include interior and exterior lighting, including street lights, commercial lighting and consumer applications. The company intends to use the funding to accelerate research, development, and production of LED chip and packaging technology for general illumination applications. Bridgelux develops patented light source technology and integrated solid-state lighting solutions intended to replace incandescent, halogen, fluorescent and high-intensity discharge lighting. Its products aim to enable lamp and luminaire manufacturers to provide high-performance, energy-efficient white light for interior and exterior markets, including street lights, commercial lighting and consumer applications. The company is led by CEO Bill Watkins and is based in Livermore, California. Bridgelux intends to use the newly raised funds to accelerate research and development. Its GaN-on-Silicon LED chip technologies are targeted for commercialization in 2013. The article reports a $15M financing to support these R&D and commercialization efforts. Bridgelux is a Livermore, California–based developer and manufacturer of LED lighting technologies and solid-state light sources. Led by CEO Bill Watkins, the company builds LEDs intended to replace incandescent, halogen, fluorescent and high-intensity discharge lighting. Its products target lamp and luminaire manufacturers serving street lighting, commercial lighting and consumer applications. Bridgelux received a $60M Series E financing to support growth. The company plans to use the funds to accelerate research and development in strategic areas including GaN-on-Silicon development and LED chip-on-board architecture. In conjunction with the financing, David Asarnow of Craton Equity Partners will join Bridgelux’s board as an observer. Bridgelux is an LED manufacturer that recently announced a new line of LEDs it said doubled the light output of commercially available products. That increased output makes the line usable in retail-type settings. The company secured a deal with electronics manufacturer Tyco to incorporate Bridgelux’s new products into lighting components designed for retail. According to an SEC filing, Bridgelux has raised $20.7 million of a $21 million fundraising goal. The article does not disclose the financing instrument, participating investors, or operating metrics such as revenue or users. Bridgelux develops LED lighting products centered on the Helieon, a replaceable LED light designed to match a 60-watt incandescent’s output while using far less energy. The Helieon pairs with a Molex-made removable socket so individual LEDs can be swapped like traditional bulbs, addressing the fixture-integrated LED replacement problem. The company has priced the Helieon at about $20 (down from roughly $50 previously) and is initially targeting luminaire makers and commercial customers who track energy savings closely. Bridgelux serves about 200 luminaire maker clients, employs 138 people, and manufactures the Helieon and its sockets in the U.S. with plans to likely move production to China, Mexico, or Malaysia. Management says future product work could add lighting controls and automated features, but current priorities are cost reductions and continued R&D to improve efficiency.

• Ziebel AS

  Participated · Equity · Apr 2010

  Ziebel AS provides technology and services that contribute to better use of existing oil and gas wells. The company is based in Tananger, Norway and employs some 60 people. It maintains offices in Stavanger, Aberdeen (Scotland), Houston, TX (USA), Muscat (Oman) and Dubai. The business focuses on oilfield service solutions aimed at optimizing well performance. Financial details in the article note a recent equity financing but no operating revenue figures or user metrics were disclosed.

No current team members are available.