$6.3M Financing Deal Shines Light on Startup Digital Lumens
[Updated: See editor’s note below] It has come to light that Digital Lumens, a Salem, MA-based developer of energy-efficient lighting products, has raised $6.3 million in a round of equity financing, according to an SEC filing. The filing doesn’t specifically list investors in the round, but it does say that board members include Jon Karlen of Flybridge Capital Partners in Boston and Lee Barbieri of Stata Venture Partners in Dover, MA.
Digital Lumens says on its website that it plans to provide lighting that uses 10 percent as much energy as other products, though it doesn’t describe its technology in detail. Attempts to reach company representatives were unsuccessful this morning. The startup has the same Salem address as Groom Energy Solutions, a provider of energy-efficiency products and services, according to the SEC filing. Also, Groom Energy CEO Jonathan Guerster is listed as an executive and board member of Digital Lumens, which was previously named GroomLED. (Digital Lumens smells like a spinoff of Groom Energy to me, but Guerster was not at his office this morning to confirm this.)
Tom Pincince is president and CEO of Digital Lumens, according to his LinkedIn profile. Pincince was previously CEO of Brix Networks. Brix Networks is a former Chelmsford, MA-based provider of software to monitor the quality of signals, content, and delivery in IP networks, and Quebec’s EXFO Electro-Optical Engineering (NASDAQ:EXFO) acquired Brix for $28.5 million in cash in spring 2008.
Flybridge spokeswoman Kate Castle told me that Digital Lumens is in stealth mode and she was unable to comment on the startup.
[Editor’s note: After this story was published, a reader pointed out that Tom Pincince’s LinkedIn profile lists him as president and CEO of Digital Lumens. The story has been updated to include this information.]
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