Blog Posts - 19.09.2024
LEDCity secures further funding for growth
LEDCity, the leading innovator in intelligent lighting solutions, raised additional CHF 2 million from a private investor. This investment will drive product development and accelerate their international expansion. Despite the current difficult market situation for startups, LEDCity secured a total of CHF 5 million in funding over the 12 months.
The Zurich-based company has developed a plug-and-play lighting system that significantly reduces energy consumption up to 80 percent compared to modern LED lighting systems with traditional motion detector control. Their solution is easy to install and integrates smart algorithms and multiple sensors into each light source, allowing for autonomous and dynamic light control. This ensures that every part of the building is illuminated precisely on demand. As a result, LEDCity plays a crucial role in assisting real estate portfolios across Europe in meeting their ESG guidelines. For this approach, the scaleup was also honored with the Green Business Award last year.
Would you like to find out more?
Read the full article on Startpticker.ch: LEDCity secures further funding for growth (startupticker.ch)
