Laser Light Engines Receives $13,000,000 Series B Funding Round
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=0581098f-4333-4915-9363-efb7c02feb59&Preview=1 -
Date
9/21/2010 -
Company Name
Laser Light Engines -
Mailing Address
8 C Industrial Way Salem, NH 03079 -
Company Description
Laser Light Engines is a new company developing an innovative digital light source to upgrade the future cinema experience. -
Website
http://www.laserlightengines.com -
Transaction Type
Venture Equity -
Transaction Amount
$13,000,000 -
Transaction Round
Series B -
Proceeds Purposes
Laser Light Engines will use the proceeds of this round of financing to commercialize its RGB (Red/Green/Blue) laser technology, dramatically reducing operating costs for movie theater owners for a potential per screen savings of $10,000 a year by eliminating the need to replace expensive Xenon arc lamps (projector bulbs) and reducing electricity use as much as 50%. -
M&A Terms
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Venture Investor
Braemar Energy Ventures -
Venture Investor
Harris & Harris Group -
Venture Investor
Undisclosed
