Craton Equity Leads Major Investment In Bridgelux

Los Angeles-based private equity fund Craton Equity Partners said Wednesday that it has led a $60M round of investment in Bridgelux, a developer and manufacturer of LED lighting technology. Bridgelux, which is based in Livermore, California, develops solid state lighting light sources. Craton Equity Partners said other investors in the round included VantagePoint Capital Partners, DCM, El Dorado Ventures, Novus Energy Partners, Invus Group, VTS, Harris & Harris Group and Passport Capital. Craton Equity Partner's David Asarnow joins the Bridgelux board as an observer. The funding was a Series E round for Bridgelux, placing that firm's funding to over $180M. More information »