Portfolio News: Lumenari Raises $3 Million in Series A Funding

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Lumenari, the leader in narrow-bandwidth LED phosphors for LCD display backlighting applications, today announces it has closed a $3 million Series A funding led by TJ Rodgers, Jeremy Blank, Revolution’s “Rise of the Rest” Seed Fund and Hanover Partners. The company will use the capital to complete an advanced lab-scale manufacturing line for its leading edge technology Emerald™, establish testing partnerships with packaged LED suppliers and pass initial qualification testing. Through this expansion, Lumenari expects to demonstrate market acceptance and revenue growth.

Read press release here