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Illumitex Continues to Expand in Grow Light Sector

Illumitex Continues to Expand in Grow Light Sector

Illumitex, LED innovator and maker of the world’s most optically advanced lighting products, has concluded its C1 round of funding, strengthening the company’s cash position by $16 million. The round was led by outside investor, WP Global Partners, a strategic partner interested in solidifying and growing Illumitex’s position. Buoyed by the confidence shown by WP Global Partners, existing investors NEA, Morgan Creek Capital, Mousse Partners, Apex Venture Partners, Jimmy Treybig, Larry Abrams, DMWMDW Interests and Syngenta Ventures also participated in the round. “The addition of WP Global to our investor roster speaks to the confidence the investing community has in our horticulture lighting division,” says Illumitex chief financial officer Carl Gallagher. “And the fact that almost all of our existing investors joined in this round is another vote of confidence.” Visit illumitex.com to learn more.