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Digital Lumens

Digital Lumens
2008 FOUNDED
M&A STATUS
51-200 EMPLOYEES
M&A LATEST DEAL TYPE
$65M TOTAL AMOUNT RAISED
Description

Developer of LED-based lighting systems designed to offer cold storage facilities, warehouses and manufacturing facilities. The company's LED-based lighting systems and cloud-based platform connects IoT sensors and software to create smarter buildings, enabling businesses to get 100% of the light for 10% of the energy cost.

Formerly Known As
GroomLED
Ownership Status
Acquired/Merged
(Operating Subsidiary)
Financing Status
Formerly VC-Backed
Primary Industry
Electrical Equipment
Other Industries
Application Software
Primary Office
374 Congress Street
6th Floor
Boston, MA 02210
United States
+1 (617) 723-1200
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Digital Lumens Valuation and Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
6. Merger/Acquisition 02-Oct-2017 $65M Completed Generating Revenue
5. Later Stage VC (Series C) 30-Oct-2014 0000 0000 00000 Completed Generating Revenue
4. Later Stage VC (Series B) 28-Dec-2012 0000 000.00 000.00 Completed Startup
3. Early Stage VC (Series B) 12-Apr-2011 000.00 000.00 000.00 Completed Startup
2. Early Stage VC (Series A1) 05-Jan-2010 $5M $11.3M $22.4M Completed Startup
1. Early Stage VC (Series A) 21-May-2009 $6.3M $6.3M $11.6M Completed Startup
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Digital Lumens Cap Table

Stock # of Shares
Authorized
Par Value Dividend Rate (%) Original
Issue Price
Liquidation Liquidation
Pref. Multiple
Conversion
Price
% Owned
Series C 0,000,000 00.000000 00.0 00.0 00 00.0 00.000
Series B 0,000,000 00.000000 00.00 00.00 00 00.00 00.000
Series A1 3,333,332 $0.010000 $1.5 $1.5 1x $1.5 10.47%
Series A 6,300,645 $0.010000 $1 $1 1x $1 19.79%
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Digital Lumens Executive Team (9)

Name Title Board
Seat
Contact
Info
Tom Pincince President & Chief Executive Officer
Michael Rubino Chief Financial Officer
Brian Chemel Chief Technology Officer & Co-Founder
Paul Crivello Director, Human Resources
Allison Parker Director, Marketing
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