Element Labs Raises $12.8 Million

Expansion Capital Partners LLC has made a $12.8 million investment in Element Labs, a Santa Clara, Calif.-based provider of creative light emitting diode solutions for entertainment, architecture and signage applications. Expansion Capital led the Series B preferred round, injecting $10 millionfrom its Clean Technology Fund II. Existing investor Sierra Ventures and lender Gold Hill also participated in the equity raise. Bernardo Llovera, general partner at Expansion Capital, will join Element Labs's board. www.expansioncapital.com