Fulcrum Equity Partners has led a USD1.9m series A growth equity financing for Bright Light Systems (BLS), a designer, manufacturer and seller of efficient lighting solutions with a particular focus on light emitting plasma technology.
BLS has also developed a wireless control software system for the remote management of its proprietary luminaires.
"We are excited to partner with Fulcrum to fuel our growth as we look to build a world-class company that can make a positive impact on the environment for generations to come," says Brad Lurie, chief executive of BLS. "This transaction, coupled with Fulcrum’s experience in building premier technology companies, will enable our continued growth."
"We have been impressed with Brad, his team and their innovative lighting solutions that provide dramatic benefits, including significant energy savings, improved security and reduced light pollution," says Jeff Muir, a partner at Fulcrum. "They have the unique opportunity to build a very special company, and we look forward to leveraging our operating experience to help take advantage of BLS’s tremendous market potential."
