Light-Based Technologies (LBT) has raised $7.5 million in a Series B round of financing led by VantagePoint Venture Partners and Chrysalix Energy Venture Capital.
LBT also appointed a new management team lead by incoming Chief Executive Officer Art Aylesworth. He will be seconded by Matthew Watson, who joins as a Chief Operating Officer, and Chief Technology Officer Barry Hagglund. Aylesworth replaces LBT’s founding CEO Jeanette Jackson, who will transition to Chief Marketing Officer.
A maker of energy efficient lighting technology, Light-Based is owned by GreenAngel Energy Corp., a publicly-traded investment vehicle that solely invests in greentech companies.