Intematix said it raised $16.2 million from existing investors Draper Fisher Jurvetson and Crosslink Capital, as well as a new financial investor, which it did not identify. The Freemont, Calif., company has now received $63 million since it was founded.
Intematix Receives $16.2 Million in Funding for Growth Capital
FREMONT, Calif. – March 13, 2012 – Intematix, a leading innovator of patented phosphors and phosphor components for high-quality LED lighting, announced it has received $16.2 million in funding from current investors Draper Fisher Jurvetson and Crosslink Capital, as well as a new financial investor. Intematix has received $63 million total in funding since the company was founded. Intematix plans to use the latest round of investment to finance facility expansion, working capital and development of its phosphor products and ChromaLit™ remote phosphor products.
“Solid-State technology is the future of lighting, and Intematix phosphors and remote phosphors are key components to making this possible,” said Maurice Carson, Chief Financial Officer for Intematix. “This investment further enables Intematix to continue its growth trajectory and address the demands of the growing market.”
“Intematix is a key provider of the light quality needed for general adoption of LEDs in lighting,” said Alain Harrus, board member of Intematix and partner at Crosslink Capital.
“Intematix is extremely well positioned to participate in the adoption of Solid-State Lighting across the world, and to benefit from the current intense focus on quality of light.”
Intematix Corporation is a materials development innovator, providing customizable, patented phosphors and remote phosphor components that serve as the foundation for high quality, energy efficient LED light. Intematix products enable attractive, vivid color quality, superior consistency, uniformity, and stability. Headquartered in Fremont, California, Intematix maintains R&D, manufacturing, business and support operations in the United States, Asia and Europe. To learn more about the company, please visit www.intematix.com.
*ChromaLit is a trademark of Intematix Corporation.