Albeo raises $500K for LED-based lighting systems
Albeo Technologies has brought in $500,000 of an expected $750,000 round of debt, rights and securities to further its development of light emitting diode (LED)-based lighting systems, reports VentureWire. Based in Boulder, Colo., the company previously raised $1.5 million in a first round of capital from Green Spark Ventures, among others.
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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.