Element Labs snags $2M for large video displays
Element Labs, maker of massive light-emitting diode video displays used for concerts and other major events, has brought in $2 million of an expected $2.8 million round of equity, debt and rights, according to VentureWire. Based in Santa Clara, Calif., the company previous raised $12.75 in a first round of funding in 2007 from Expansion Capital Partners, Gold Hill Capital and Sierra Ventures.
Element Labs, a creative LED maker, raises $12.75M
Besides straightforward environmental lighting, there are a plethora of uses for light-emitting diodes. Element Labs makes its business in LED applications like advertising, concert lighting, decoration and art installations.
Some of the Element’s displays have appeared at concerts by celebrities like Led Zeppelin and Madonna, and on TV programs including American Idol and the MTV Awards. The company plans on using this funding round to expand sales and international marketing efforts.
The funding is the company’s second…. Continue Reading