Luminus Devices Raises $19M
Investors continue to pour cash into Luminus Devices, the Billerica, MA-based maker of bright, efficient LEDs, at a rate that would startle most entrepreneurs in the life sciences, let alone the hardware, computing, and infotech industries. Luminus announced today that it has raised $19 million in Series F funding, from a group of existing investors that includes Argonaut Private Equity, Braemar Energy Ventures, Paladin Capital Group and Stata Venture Partners. The round, the first since a $72 million Series E round in May 2008, brings the eight-year-old startup’s total financing to roughly $159 million. Xconomy profiled Luminus in October 2009.