What is Lighting Science?
Headquartered in West Warwick, Rhode Island, Lighting Science Group Corporation operates at the intersection of advanced materials science and general illumination. The company specializes in the design and development of LED-based lighting solutions, ranging from standard retrofit lamps to sophisticated luminaires. Beyond traditional lighting, the firm has carved out a niche in biological lighting, offering products such as circadian-rhythm-regulating lamps and specialized grow lights for agricultural applications. By serving diverse sectors including retail, hospitality, and government infrastructure, Lighting Science maintains a robust market position as a provider of energy-efficient and health-conscious lighting systems.
How much funding has Lighting Science raised?
Lighting Science has raised a total of $422.4M across 8 funding rounds:
Share Placement
$18M
Private Equity
$168M
Share Placement
$140M
Private Equity
$20M
Share Placement
$53M
Private Equity
$13M
Unspecified
$10M
Debt
$350K
Share Placement (2011): $18M with participation from Pegasus Capital and Michael Kempner
Private Equity (2012): $168M led by Pegasus Capital Advisors LP, Riverwood Capital, and Zouk Capital
Share Placement (2012): $140M supported by Pegasus Capital, Zouk Capital, and Riverwood Capital
Private Equity (2013): $20M featuring Pegasus Capital and Riverwood Capital
Share Placement (2014): $53M backed by Medley Capital Corporation
Private Equity (2014): $13M with participation from Serengeti Asset Management
Unspecified (2015): $10M, investors not publicly disclosed
Debt (2020): $350K supported by PPP
Key Investors in Lighting Science
Pegasus Capital
Pegasus Capital Advisors is a leading global private markets impact investment manager focused on generating strong returns while fostering sustainable growth through clean energy and environmental initiatives.
Riverwood Capital
Riverwood Capital is a private equity firm that invests in high-growth, middle-market companies within global technology and technology-enabled industries to drive value creation.
Zouk Capital
Zouk Capital is a fund manager dedicated to the sustainable economy, focusing on the intersection of infrastructure, technology, and environmental sustainability.
What's next for Lighting Science?
With a history of significant capital raises, Lighting Science is positioned to leverage its technological portfolio to address the increasing demand for sustainable and human-centric lighting environments. The company's strategic trajectory suggests a continued focus on integrating solar-powered solutions and biological lighting into its core product offerings. As the firm moves forward, the emphasis will likely remain on optimizing its distribution channels and expanding its private label programs to capture greater market share in the evolving smart-lighting landscape. The backing from seasoned private equity partners provides the necessary liquidity to sustain research and development efforts in high-margin, specialized lighting applications.
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