|
|
||
| |
128 Venture Capital Group 3i Venture Capital Accuitive Medical Acer Venture Capital Act Venture Capital Ltd Adelaide Venture Capital Email ADS Ventures Boston Advantages Of Venture Capital Advent Venture Capital Agio Capital Alabama Venture Capital Alaska Venture Capital All Stages Venture Capital American Venture Capital Analysis Venture Capital Analyze Venture Capital Angel Capital Appraisal Venture Capital Arch Venture Capital Argentina Venture Capital Arizona Venture Capital Arkansas Venture Capital Arrowpath Venture Capital Assess Venture Capital Assessment Venture Capital Atlas Venture Capital ATV Venture Capital Aurora Fund Australia Venture Capital Austria Venture Capital Automotive Venture Capital AZ Venture Capital VCgate More Tags
-
Bright View Raises $4 Million Round of Financing
MORRISVILLE, N.C. Microstructure-based optical film manufacturer Bright View Technologies Inc announced today it has raised $4 million in its latest round of funding.
Bright View leverages its patented technology platform to develop high value products for the energy efficient light-emitting diode (LED) lighting market & liquid crystal display (LCD) display industry. These products offer a demonstrable value proposition based on performance, manufacturability and cost.
Durham-based venture capital firm Intersouth Partners led the round. The financing will be used to advance products to market and to expand manufacturing and product development. Kip Frey and Chris Hegele of Intersouth Partners will join the company’s Board of Directors.
Bright View’s ACEL™ product is an optical film used as a high value diffuser in LED luminaries. It enables +90% system efficiency fixtures, reducing the total cost of ownership that drives market adoption. ACEL delivers the “look” of LED luminaries by eliminating glare and mixing the light to create an aesthetically pleasing glow.
Bright View’s RAC™ product line delivers a high brightness, high yield, single film solution that reduces manufacturing costs by replacing existing three and four film solutions in portable LCD displays.
“Bright View is experiencing a strong response to its ACEL and RAC products, as evidenced by the volume shipments of ACEL and customer interest in the value proposition for RAC,” said Kip Frey of Intersouth Partners. “This round of financing will help the company ramp its product development and bring its breakthrough technology to market.”
“We are delighted to have Intersouth as a partner as we scale up the production of our ACEL and RAC products to meet customer demand,” said Ed Teague, CEO of Bright View Technologies.
About Bright View Technologies, Inc.
Bright View Technologies, Inc. is a leading developer of microstructure-based, optical films for the global lighting and display industries. Bright View is transforming these markets by leveraging patented and proprietary technologies that enable the production of high performance optical film products for LED lighting and LCD industries. Visit www.brightviewtechnologies.com for more information.
About Intersouth Partners
Located in Durham, North Carolina, Intersouth Partners is one of the largest, most active and most experienced early stage venture funds in the country, having invested in more than 95 private companies over the last two decades. Founded in 1985, Intersouth Partners manages $780 million in seven venture capital limited partnerships. Intersouth seeks a broad range of seed and early-stage investment opportunities throughout the Southeast, focusing on the technology and life science sectors. Visit www.intersouth.com for more information.
Source: Bright View Technologies, Inc.
Leave a reply
Latest Headlines:
Tuesday June 09, 2009
Embrella Cardiovascular, Inc. Announces Closing of Series B Round
Tuesday June 09, 2009
Silicon Clocks Completes $10.3M Series C Financing Led By Silicon Labs and Premier Venture Firms
Tuesday June 09, 2009
Semprius Raises $6.4 Million Series B Round of Financing
Tuesday June 09, 2009
Tendril Secures $30 Million Series C Funding
Tuesday June 09, 2009
NanoString Technologies Closes $30 million Series C Financing to Accelerate the Commercialization of its Leading Expression Profiling Products
Tuesday June 09, 2009
Oil Purification Systems Raises $2.5 Million in Funding, Announces New CEO
Monday June 08, 2009
Aileron Therapeutics Closes $40 Million Series D Financing
Monday June 08, 2009
Motally Announces Series A Financing for Mobile Analytics Platform
Bad Behavior has blocked 247 access attempts in the last 7 days.
