Boston-based light bulb innovator, The Finally Light Bulb Company, has raised $15 million in an oversubscribed Series C funding round, the largest consumer product Series C in the US in the fourth quarter of 2016, according to PitchBook data. The company raised 150 percent of its funding objective in the four weeks the offering was on the market. In total, the company has raised $38 million, all following a Family Office/High Net Worth Individual (HNWI) funding strategy. All current major investors participated in the round. Today, with the closing of the Series C round, the company has a post-money valuation of $75 million.
The growth equity raised was from a group of Family Office/HNWIs with notable distinction in energy, high tech and consumer goods markets. These individuals have held top leadership roles at companies such as Amazon, EMC, Keurig, and OSRAM Sylvania, while other investors have been in the forefront of promoting sustainable energy... READ MORE