Ecosense Lighting Closes $15M Financing Round Amidst Rapid Growth
New York, NY, November 5, 2013 – Ecosense Lighting®, a fast-growing manufacturer of high-performance white LED luminaires, announced it has closed a $15 million funding round with a significant investment from Flagship Ventures, as well as a follow-on investment from Bain Capital Ventures. This investment will be used to accelerate new product introductions, enhance R&D capabilities and ensure our operations infrastructure exceeds the rising demands of our customers.
Ecosense has established a leadership position in the LED luminaire market, specifically recognized for products with high color quality and color consistency. Its specification-grade products have been deployed in thousands of locations around the world including coveted retail locations such as Burberry stores, marquee buildings such as the historic Science Museum in London and at Tesla Motors to illuminate work stations and show floors.
Since the last round of funding, Ecosense has added significant horsepower to its already accomplished leadership team with the additions of Mark Reynoso as CEO, Paul Pickard as CTO and Christina Loh as COO. These additions will enable the company to scale and drive innovation in LED technology.
“We are impressed with the contributions Ecosense is making to the evolving LED market,” says Ed Kania, Managing Partner and Chairman of Flagship Ventures. “Ecosense has a strong leadership team and a compelling strategy. We are eager to support their aggressive growth efforts.”
Mark Reynoso, CEO of Ecosense Lighting, says, “The light that is designed into a physical space has a huge impact on the human experience. We are proud that some of the most prestigious brands in the world including BMW, Whole Foods and the Ritz Carlton are entrusting us to help curate those environments.” He adds, “Bain Capital Ventures and Flagship Ventures have a well proven history of nurturing young companies to great success and I am excited to have their wisdom and guidance on our Board.”
