Los Angeles, CA – February 3, 2015 – Ecosense Lighting®, a fast-growing manufacturer of high-performance LED luminaires, announced that it has closed over $25 million in financing led by Richmond Global Ventures, as well as follow-on investments from Bain Capital Ventures and Flagship Ventures. This investment will be used to accelerate new product introductions and enhance R&D capabilities.
Ecosense is experiencing rapid growth and was recently named to the Inc. Magazine 500 Fastest Growing Private Companies in America and the LA Business Journal’s list of 100 Fastest Growing Companies in Los Angeles. Its high quality, specification-grade products have been installed in thousands of locations around the world including the award winning Everyman Theater in UK and the exclusive Rosewood Hotel in Abu Dhabi.
“We have been following the tremendous growth of Ecosense these past couple of years and are truly impressed with their strategy and performance,” says David Frazee, Managing Partner at Richmond Global Ventures. “We invest in disruptive companies that can scale globally. Ecosense has an exceptional leadership team and we are very excited to support their continued growth.”
“2014 was a tremendous year for us. The investment by Richmond Global Ventures will enable us to accelerate the execution of our strategy,” noted Mark Reynoso, CEO of Ecosense Lighting. “2015 should be another exciting year for us.”