Thursday, March 15, 2012

LUMenergi Absorbs $6.2M Round

Newark-based LUMenergi, a developer of network-controlled lighting energy management systems, has raised $6.2M in a extension of its Series-B funding round. The new funding came from existing investors Braemar Energy Ventures, Noventi Ventures and Low Carbon Accelerator. The company, which is led by Barry Weinbaum, said that it will use the funding for marketing, sales and product development, as well as for expansion capital. More information »