Laser Light Engines Receives $13,000,000 Series B Funding Round
- Feed Type
- Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=0581098f-4333-4915-9363-efb7c02feb59&Preview=1 - Date
9/21/2010 - Company Name
Laser Light Engines - Mailing Address
8 C Industrial Way Salem, NH 03079 - Company Description
Laser Light Engines is a new company developing an innovative digital light source to upgrade the future cinema experience. - Website
http://www.laserlightengines.com - Transaction Type
Venture Equity - Transaction Amount
$13,000,000 - Transaction Round
Series B - Proceeds Purposes
Laser Light Engines will use the proceeds of this round of financing to commercialize its RGB (Red/Green/Blue) laser technology, dramatically reducing operating costs for movie theater owners for a potential per screen savings of $10,000 a year by eliminating the need to replace expensive Xenon arc lamps (projector bulbs) and reducing electricity use as much as 50%. - M&A Terms
- Venture Investor
Braemar Energy Ventures - Venture Investor
Harris & Harris Group - Venture Investor
Undisclosed
