Wireless Environment takes $400K for LEDs

Wireless Environment, an Elyria, Ohio company specializing in energy-efficient light emitting diode (LED) fixtures, has brought in $400,000 from JumpStart, an Ohio business development organization. It will use the new funds to develop a set of controls governing when its lighting systems turn on and off and how brightly they shine. JumpStart stepped in when the company was unable to muster support from venture capital firms, reports VentureWire.

Wireless Environment currently has two products on the market: a motion-sensitive LED spotlight and an LED hallway light powered by batteries. The small startup was able to raise financing in the past from the Innovation Fund of the Lorain County Community College Foundation, and it nabbed a development loan from Cuyahoga County.