Lighting Science concludes final tranche of equity raise

LED lighting company Lighting Science Group has closed on $49m (£30m) in preferred stock financing, representing the final tranche of the $168m equity financing first announced by the company on 29 May 2012.

The latest funding tranche was provided by Zouk Capital, which joins previous equity financing participants Riverwood Capital and Pegasus Capital Advisors.

The funding will be used to finance the company’s growth and enhance its leadership position in the LED lighting market.