Cooledge’s $18.4 mln funding may signal tipping point for LED market

Vancouver, B.C. — Cooledge Lighting, a developer of LED technology, has raised US$18.4 million in a Series B financing, peHUB Canada has learned.

The round was led by a new investor, a Canadian alternative assets firm with more than $2 billion under management, said Kirk Washington, a general partner at Yaletown Venture Partners, which also participated in the deal. Washington did not disclose the investor’s identity.

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