Funding

Illumitex Raises $16M in C-1 Round

118 Views

What does Illumitex do?

Illumitex, is the maker of the most optically advanced lighting in the world. It manufactures precision LEDs- LED lights and LED grow lights.

The company has radically transformed traditional LED design and greatly increased functionality with the creation of an LED package which emits light in a uniform, highly precise beam directly from the source. The result of this is, with the die level optical integration, the need for bulky and inefficient secondary optics for light control is obsolete, introducing to the world to more versatile and energy efficient lighting applications than ever imagined before.

How much Illumitex was funded?

Illumitex raised $16M in Series C funding on August 11, 2015 from Global Partners.

Previous funding

  • $3.4M in Debt Financing on December 3, 2010
  • $13.5M in Venture round on June 14, 2011 from Dan Watkins, Jimmy Treybig and Forest Baskett
  • $2M in Debt Financing on Mar 30, 2012
  • $9.3M in Venture round on April 10, 2012 from Apex Venture PartnersPartner: Armando Pauker, Morgan Creek Capital Management, Mercury Fund Partner: Dan Watkins, Mousse Partners Partner: Ed Zysik, Syngenta Ventures and New Enterprise Associates Partner: Forest Baskett
  • $3.9M in Venture round on April 12, 2013
  • $2.1M in Venture round on March 11, 2014
  • $4M in Debt Financing on October 14, 2014 from Apex Venture Partners, DFJ Mercury, Aweida Venture Partners, Morgan Creek Capital Management, New Enterprise Associates, Mousse Partners and Syngenta Ventures

What is next for Illumitex?

Illumitex was named to the Austin A-List, an honor bestowed by the city’s Chamber of Commerce on the area’s top 12 most promising startups. The company is helping grow many vegetables in vertical farms around the globe. Illumitex plans to be developing lighting solutions which grow more food faster in more places especially when earth runs out of water and arable land.

More about Illumitex

Illumitex was founded in 2005 by Dung Tien Duong and has its headquarters in Austin, Texas. The company builds beautiful LED lights for architecture and industry and makes groundbreaking LED grow lights for lighting applications in horticulture.