Illumitex, a stealth LED maker, raises $5.25M

Chris Morrison | April 7th, 2008

Austin, Tex. based Illumitex has raised $5.25 million toward a $10 million second round of funding, according to the Austin Business Journal.

The company appears to be in full stealth mode, but has existed since at least the second half of 2006, when another company called Competitive Technologies disclosed that it had entered into a partnership with Illumitex.

The press release from the partnership states that “Illumitex’s patent-pending LED optics technology increases brightness and efficiency of HBLEDs through its unique optical properties and packaging design. This technology has a number of potential applications across a variety of sectors, including flat panel televisions, portable electronic devices, and digital projectors.”

DFJ Mercury, Aweida Venture Partners and New Enterprise Associates participated in the round.

Tags: , , , ,
Sphere It Digg this story!
Trackback URL

  1. April 8th, 2008
    8:55 am

    Greentech Media: Cleantech Investing » Blog Archive » Go big or go home? said:

    [...] PE Week Wire reported last week that stealth LED developer Illumitex has called down $5.25mm of a $10.5mm Series B round, with NEA and Aweida Capital as new backers, and DFJ Mercury as a return investor.  VentureBeat has more details. [...]

  2. April 8th, 2008
    10:21 am

    3 Cleantech Startups Pocket Almost $60M « Earth2Tech said:

    [...] says another LED startup, Illumitex, has raised the first half of a $10 million round of funding (hat tip VentureBeat). Investors include DFJ, Mercury Venture Partners, Aweida Venture Partners and New Enterprise [...]

  3. April 8th, 2008
    10:23 am

    BridgeLux, a high-efficiency LED maker, adds on $40M » VentureBeat said:

    [...] Some other LED companies that have taken funding within the last month including Illumitex, with $5.25 million; Optoelectronix, which took $6 million; and Luminus Devices, which grabbed a whopper round of $72 [...]