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LumiGrow completes $5.1 million bridge financing

LumiGrow announced the successful completion of a $5.1 million bridge financing. The oversubscribed round included participation from existing lead investor, Ecosystem Integrity Fund, as well as new investors, ValueAct Spring Master Fund, L.P. and Greenhouse Capital.

With the successful closing, LumiGrow will continue to focus on providing LED lighting hardware and software solutions to commercial horticulture and research institutions, utilizing data gathered through its smartPAR software application and recently introduced smartPAR Light Sensor Module. The timing and size of the financing allows LumiGrow to accelerate the development of its next generation products.

Kelly Barlow, a Partner at ValueAct Capital, has been appointed to LumiGrowís Board of Directors, which includes LumiGrowís CEO, Shami Patel, Partners of Ecosystem Integrity Fund, Devin Whatley and James Everett, and agricultural industry leader, Minos Athanassiadis.

The registered principals of Keene Advisors and representatives of Squire Patton Boggs advised LumiGrow in connection with the bridge financing.

For more information:

Publication date: 2/21/2018



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