NanoLumens In Midst of $30M Raise To Boost Production, Marketing
January 20, 2017 by Dave Haynes
It looks like Atlanta-based specialty LED display manufacturer NanoLumens plans to put its foot on the business gas pedal in the coming year, as it is in the midst of a $30 million investor round for capital to boost production and marketing.
The story says:
The new capital will be used to boost production and for sales and marketing, CEO Richard Cope said. Nanolumens has seen annual revenues grow more than 70 percent over the past five years, Cope said.
NanoLumens, which is in nine major airports, is chasing a $20 billion global market opportunity. Clients include New England Patriots, CBS Outdoor, The Charles Schwab Corp. (NYSE: SCHW), Delta Air Lines Inc. (NYSE: DAL), The Estée Lauder Companies Inc. (NYSE: EL) and Invesco Inc. (NYSE: IVZ).
NanoLumens, founded in 2006, has raised about $30 million in the past few years from angel investors, including resort developer and pharma and motorsports entrepreneur, Don Panoz.