Deal Announcements

BridgeLux Scores $40 Million Venture Debt And Equity

Wednesday, April 09, 2008 5:58:00 AM PDT | VentureDeal Staff

SUNNYVALE, CA  -- Diode maker BridgeLux, Inc. announced the close of a new round of funding, securing $40 million composed of $30 million in equity and $10 million in bank lines of credit.

BridgeLux is developing high power indium gallium nitride light emitting diodes (LEDs) for various solid state lighting applications such as mobile appliances and automobiles.

Investors were led by VentureTech Alliance and included DCM, El Dorado Ventures, VantagePoint Venture Partners, Chrysalix Energy and the Harris & Harris Group.

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