Luminus Devices Raises $19M

Investors continue to pour cash into Luminus Devices, the Billerica, MA-based maker of bright, efficient LEDs, at a rate that would startle most entrepreneurs in the life sciences, let alone the hardware, computing, and infotech industries. Luminus announced today that it has raised $19 million in Series F funding, from a group of existing investors that includes Argonaut Private Equity, Braemar Energy Ventures, Paladin Capital Group and Stata Venture Partners. The round, the first since a $72 million Series E round in May 2008, brings the eight-year-old startup’s total financing to roughly $159 million. Xconomy profiled Luminus in October 2009.

Wade Roush is a freelance science and technology journalist and the producer and host of the podcast Soonish. Follow @soonishpodcast

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8 responses to “Luminus Devices Raises $19M”

  1. Mike says:

    Iam guessing that there is a lot of cash to loose out there. Without the strong R&D group that Luminus lost late December, the investors are just prolonging death.