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BridgeLux Secures $23 Million Third Funding

Tuesday, August 07, 2007 5:00:00 AM PDT | VentureDeal Staff

SUNNYVALE, CA -- LED technology company BridgeLux announced the completion of its series C round of venture capital financing, receiving $23 million for expansion.

BridgeLux supplies LED chips to solid state lighting manufacturers.  The company developed the first high volume ITO/InGaN (Indium Tin Oxide / Indium Gallium Nitride) LED chip.

Investors in the round included lead investor Chrysalix Energy, VantagePoint Venture Partners, DCM-Doll Capital Management, El Dorado Ventures and Harris & Harris Group.  The company intends to use the proceeds to fund product line and market expansion as well as additional product research and development.

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