LEDCity has successfully closed a bridge financing round and raised CHF 2.6 million from the Technology Fund and Credit Suisse. This funding will enable the cleantech start-up to further optimize its lighting solution, accelerate the company’s international expansion and fill the gap to its Series A.
‘Securing this debt capital is an important milestone for us as it enables further investment in our solutions and expansion efforts,’ said Patrik Deuss, CEO and Founder of LEDCity. The company has already established a strong presence in Switzerland and aims to leverage this success to grow its market share in Spain and Germany and beyond. ‘The Technology Fund and Credit Suisse have shown great confidence in our potential,’ added Deuss. ‘We’re excited to partner with them as we continue to innovate and reach our vision.’
Read more: www.venturelab.swiss