The company designs and manufactures LED lighting solutions for use in commercial, industrial and residential applications.
According to EcoSense Lighting Founder and Chairman George Mueller, Bain Capital Ventures’ excellent track record of identifying and supporting emerging technology leaders makes the firm an ideal partner for the company.
“Their investment in EcoSense is a testament to the strength of our management team, technology portfolio and business direction,” Mueller said. “We're thrilled to be working with
Bain Capital Ventures as we move into our next phase of growth and product development.”
Over the last year, EcoSense has achieved several growth milestones, including:
•Expanding its presence in international markets through distribution partners and supply chain hires; •Strengthening its Board of Directors with the addition of Color Kinetics co‐founder and Intellectual Property Owners Education Foundation 2008 Inventor of the Year Dr. Ihor Lys as Technical Advisor; and •Launching several new products designed to extend the company’s reach in the rapidly expanding specifier‐grade white light LED illumination market.
This latest round of financing will support the company’s continued product development initiatives and fuel the growth of the EcoSense engineering and sales teams to satisfy market demand for the technology.
“With its exponential energy and cost savings, breadth of applications and earth‐friendly, sustainable components, we see incredible potential in the LED illumination market,” said Jeffrey Glass, Managing Director, Bain Capital Ventures. “EcoSense has the right team, the right strategy and a level of traction in the professional lighting market needed to be a strong leader in this advancing industry.”
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