What is Lighting Science?
Lighting Science Group Corporation, established in 1988 and headquartered in West Warwick, Rhode Island, is a designer, developer, and marketer of general illumination products utilizing light-emitting diodes (LEDs). The company serves a diverse clientele, including retailers and original equipment manufacturers across the United States. Its product portfolio encompasses LED retrofit lamps designed to replace traditional incandescent, compact fluorescent, and halogen bulbs, as well as advanced LED luminaires like the solar-powered FreeLED street lighting solution. Lighting Science also offers specialized biological lighting products, such as circadian rhythm-regulating Good Night and Good Day lamps, VividGro grow lights, and MyNature lamps for both indoor and outdoor applications. The company markets its solutions through various channels, including branded and co-branded private label programs, direct sales, distributors, and independent sales agents, catering to residential, office, retail, hospitality, government, and educational sectors.
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 Zouk Capital, Pegasus Capital Advisors LP, and Riverwood Capital
Share Placement (2012): $140M supported by Pegasus Capital, Riverwood Capital, and Zouk 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 global private markets impact investment manager focused on generating strong returns while fostering sustainable growth. They specialize in investments that create jobs and expand access to clean energy.
Riverwood Capital
Riverwood Capital is a private equity firm founded in 2007 that invests in high-growth, middle-market companies, primarily in global technology and technology-enabled industries. They focus on companies where software and digital technologies can drive value creation.
Zouk Capital
Zouk Capital is a fund manager dedicated to investing in the sustainable economy, focusing on opportunities at the intersection of infrastructure, technology, and sustainability. They support innovative projects advancing sustainable energy solutions.
What's next for Lighting Science?
The substantial enterprise-level capital infusion into Lighting Science Group Corporation suggests a strategic phase focused on scaling operations, expanding market reach, or further developing its innovative LED and biological lighting technologies. Given the company's diverse product lines and market penetration strategies, this latest round of financing is likely to accelerate its growth trajectory. Future developments may include enhanced product offerings in sustainable lighting solutions, increased adoption in smart city infrastructure, and continued innovation in biological lighting for health and wellness applications. The company's ability to attract significant investment underscores its potential within the rapidly evolving lighting industry.
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