Efficient lighting maker Fulham shines with $10M from Braemar
Braemar Energy Ventures, a regular backer of energy-efficient lighting startups, has given $10 million in equity to Fulham, maker and distributor of all kinds of lighting systems, which recently entered the light-emitting diode market.
Based in Hawthorne, Calif., Fulham also specializes in fluorescent ballasts and LED fixtures that regulate the flow of power in lamps. It will use its new financing to shift even more focus to newer technologies and to expand its sales organization around the world.
Before now, Fulham has been funded only by its founders. Braemar gave $3 million to LED cooling system maker Nuventix last month and led a $72 million fifth round of funding for LED company Luminus last year.
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About the Author, Camille Ricketts
Camille is the lead writer for GreenBeat. She came to VentureBeat from Google where she worked on its traditional platforms team, particularly in TV. Before that, she was a reporter for the Wall Street Journal in New York and London. Follow her on Twitter at @camillericketts, and follow VentureBeat on Twitter at @venturebeat.