Friday, May 04, 2012
A Portland startup working to make LED lights more efficient and cheaper has landed a $3 million venture capital round.
Pacific Light Technologies, working from the Portland State University Business Accelerator, has closed $2 million of the Series A round led by the Oregon Angel Fund and Portland-based venture capital firm Pivotal Investments.
CEO Ron Nelson, who also contributed to the round, said another $1 million has been committed and should close by the end of July.
Read more at Sustainable Business Oregon.