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Finance for Design LED Products market entry

Sunday 21st August 2011
Courtesy:http://www.designledproducts.com/

Braveheart Investment Group has closed a second funding round worth £639,000 for device screen lighting specialist Design LED Products (DLP). The angel investment firm raised cash from several of its clients with the Scottish Co-investment Fund, Highland Venture Capital and Tweed Renaissance Investors Capital (TRI Cap) also contributing.

It follows a £1.1 m investment round last January in which Siemens AG was also an investor. 

Livingston-based DLP has developed and patented technology to embed light emitting diodes (LEDs) within consumer electrical goods, technology used to create thin, flexible, high efficiency light panels and displays for products including small electronic devices, large area LED lighting and LCD televisions. 



January's investment funded application development and commercialise existing product lines. DLP is now looking to enter the high growth lighting and LCD TV backlighting market with a view to displacing traditional and emerging LED technologies. 

(Left) Stuart Bain, DLP CEO, said the latest funding round will now see it "aggressively pursuing market entry" 



Braveheart CEO, Geoffrey Thomson (right) said: "DLP has made good progress since the first close of theinvestment in January 2011 and we are delighted to see new shareholders supporting the company."



Siemens investment vehicle, Technology-to-Business Center (TTB), joined the January investment round for DLP, seeing market potential for its technology through its subsidiary OSRAM - a leading global lighting and LED supplier. 

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