TERRALUX Raises $11 Million In Funding

By Noah Long ● Mar 6, 2015

Longmont, Colorado-based TERRALUX has raised $11 million in funding led by EnerTech Capital. Generation Investment Management, Crawley Ventures, Emerald Technology Ventures, GC&H Investments, and founder and CTO Dr. Anthony Catalano also participated in this round. TERRALUX is known for designing and manufacturing LED lighting, and building intelligence solutions.

“TERRALUX has built elegant solutions that allow building owners to begin retrofitting the enormous base of existing buildings with energy efficient LED technology,” said EnerTech Capital Managing Director Bill Kingsley. “The pace, quality and the market acceptance of their new product releases caught our attention. The new LEDSENSE technology with sensory, communications and controls capabilities will allow building owners to take advantage of previously unavailable information. We believe in this strategy and look forward to working with the existing investors and management team to drive the rapid growth of TERRALUX.”

This round of funding will be used for fueling TERRALUX’s strong sales growth and enable the company to rapidly develop its expanding portfolio of LED retrofit products, OEM products and LEDSENSE cloud-based technology.

“LED lighting retrofit is quickly becoming more than just saving energy,” added TERRALUX CEO Steve Hane. “The massive footprint of commercial buildings challenge basic and separate systems in use today. LED retrofit with a cloud-based lighting system is the most economical way to connect a building’s infrastructure to the Internet of Things (IoT). We are very pleased to have EnerTech endorse our strategy, join our investor group, and together with our existing investors, enable our continued growth.”