Boulder LED lighting manufacturer Albeo Technologies announced Tuesday it had raised $8 million in financing that would allow it to grow and add more jobs.
The equity investment team included Braemar Energy Ventures and Green Spark Ventures. The announcement follows Albeo’s February announcement that the industrial and commercial LED lighting company grew its 2011 revenue by 50 percent with LED retrofits up 300 percent last year.
The new funding allows Albeo to continue that growth trajectory.
“We are extremely proud to become part of the Braemar team,” said Jeff Bisberg, CEO of Albeo in a statement released Tuesday. “With Braemar’s existing portfolio and network in the LED and lighting sector, their strategic partnership will be invaluable in helping Albeo better support the lighting needs of our customers. We look forward to continuing our current trajectory of growth and are excited about potential future opportunities.”
