Investment of £1.2M granted to LumenStream, enabling expansion in lighting-as-a-service solutions.
In a significant move for Northern Ireland's growing green economy, LumenStream, a climatetech company revolutionising energy efficiency, has secured £1.2 million in investment. This investment round was led by a local angel investment syndicate, with Co Fund III, managed by Clarendon Fund Managers, participating significantly. Techstart Ventures, LumenStream’s initial lead investor, also played a pivotal role in this round.
LumenStream's expansion aims to reinforce Belfast's position at the forefront of green innovation, as stated by the company. The investment will enable LumenStream to scale the deployment of its zero-upfront-cost smart lighting solutions, which aim to help high-energy users cut CO2 emissions and reduce operating costs.
The company's distinctive "Pay as you Save" model allows businesses to adopt energy-efficient lighting without any capital investment. This model is commercially astute and contributes to a greener economy. LumenStream's solutions provide practical, high-impact solutions for a more sustainable future.
Clarendon Fund Managers, through Sian McLaughlin, Senior Investment Manager, is proud to partner with LumenStream. LumenStream represents the type of innovative, high-growth tech company that Clarendon Fund Managers is eager to back in Northern Ireland.
Alistair Brown, CEO of LumenStream, expressed gratitude for the continued trust and support from investors. He stated, "This investment is a testament to the potential of our solutions and our mission to create a more sustainable future."
The investment marks a pivotal moment for LumenStream, and it aims to expand its reach. The company has already secured several high-profile customers, including Siemens, Wickes, Oxfam, and Ryobi.
This group of investors supports LumenStream's mission to scale its "Lighting as a Service" model, enabling businesses to adopt zero-upfront-cost smart lighting solutions to reduce energy consumption and CO2 emissions. The funding is expected to deliver immediate positive cash flow for businesses, reinforcing LumenStream's commitment to supporting a more sustainable future.
The rising momentum of Northern Ireland's green economy is highlighted by this investment in LumenStream. A local angel syndicate, invested in LumenStream, expressing their strong commitment to supporting a more sustainable future. This investment underscores the potential of Belfast as a hub for green innovation.
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Technology plays a crucial role in LumenStream's solutions, as they aim to revolutionize energy efficiency through their smart lighting solutions that cater to high-energy users, ultimately helping to cut CO2 emissions and reduce operating costs. Clarendon Fund Managers, as a partner to LumenStream, is particularly interested in backing innovative tech companies like LumenStream that contribute positively to Northern Ireland's growing green economy.
