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Ledmotive closes a ¤1.85 million round of funding


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Integral service around a transaction
BY : Diego GutiérrezJanuary Mon, 2019

The Spanish startup Ledmotive closed a financing round of €1.85 million on 14 December. We are talking about a technology company specialising in the development of natural or artificial lighting.

In a final section we analyse the sale of companies most relevant in the sector at international level.

Spanish startup Ledmotive

Ledmotivewith headquarters in Sant Adrià del Besos, Catalonia, is a company with proprietary technology which allows you to create, copy, design and share any type of natural or artificial lighting. It is a spin-off of the IREC (Catalonia Institute for Energy Research) and its clients include the Vall d'Hebron Hospital, Repsol and the National Gallery in London.

They currently have 14 employees on staff, where Meritxell Carreras is the CEO and Josep Carreras is the CTO. In its last results it obtained a operating income of 50,000 euros and a Negative EBITDA of 100,000 eurosapproximately.

Ledmotive's patented technology finds numerous applications, such as enhancing the mood, comfort and recovery of patients in hospitals, improving the performance of students in schools or increasing the comfort and productivity of employees in offices, among others.

1.85 million financing round

About a month ago, more precisely on 14 December 2018, it was confirmed the financing round received by Ledmotive. The total amount of the investment was 1.85 million and was led by Victoria Venture CapitalThe Catalan public company AvançsaThe European Commission, through the H2020-SME-Instrument programme (Phase 2) and the NEOTEC programme of the CDTI (Centre for the Development of Industrial Technology).

Victoria Venture Capital is a venture capital company which invests in disruptive technologies that solve global problems in the industrial and energy sectors. In addition to the Ledmotive round, the company has also participated in investments of Hydrokemos, Oxolutia y Nnergix.

The main use of this round was for anchoring the technology of Ledmotive, scaling up their production y enhancing marketing and internationalisation (initially in the health sector) with the aim of improving people's quality of life, well-being and comfort.

 

International sales of companies in the sector

Then, in our area of sale of companiesIn this section, we are going to present the most relevant sales operations in the technological lighting sector.

 

1. Dialog Semiconductor

Dialog is a UK-based manufacturer of semiconductor-based system solutions. The company creates energy-efficient, highly integrated and mixed signal integrated circuits. for mobile, IoT and solid-state lighting applications.

11 October 2018 Apple paid $300 million in cash to buy a piece of Dialog, which it has been working with since the first iPhone. Apple has been making a considerable effort to build faster and more efficient chips that can help differentiate its hardware from the rest of the consumer electronics pack, and with this acquisition it took what was probably the biggest step in that strategy.

In addition to the $300 million deal, Apple also paid another $300 million to buy out the remaining part of Dialog's business, making it a 600 million agreement in total.

While Dialog describes the sale as a transfer of assets and licenses, for Apple it was the largest sale in the world. buy in terms of people: 300 people joined Apple, or approximately 16% of Dialog's total workforce.

 

2. Flashnet

Founded in 2005, Flashnet is a technology company that integrates the latest IT, energy and telecommunications technologies into hardware and software solutions, creating and implementing smart systems for smarter cities and better infrastructure. Thanks to its solutions many cities, both large and small, already enjoy all the benefits of smart cities. smart street lighting networks.

On 4 July 2018, it was announced that the sale from 60% of the company a Engiea global energy and services group.

With this acquisition, Engie strengthens its position in the smart street lighting market, with the ambition to become a world leader in the public lighting and Smart Cities sector.

 

3. Enlighted

Enlighted (Sunnyvale, California) is a company which offers smart energy solutions for commercial buildings, using a sensor and analytics platform. To date, its sensors have been installed in more than 70,000 square feet and have been deployed in the workplaces of companies such as Fortune 1000, AT&T or Oracle.

It also offers lighting control systemsconsisting of a network of LED lights and patented sensors connected together. Data is collected 65 times per second to detect environmental and occupancy changes and take action on lighting needs in real time.

Siemens Building Technologies carried out the operation of purchase of the company on 23 May 2018 for an amount that was not disclosed by either party.

Building Technologies offers fire protection, security and life safety, as well as building automation, HVAC and energy management.

"With Siemens as a global partner, we will both accelerate innovation and market adoption of our smart building technologies on an international scale," said Joe Costello, CEO of Enlighted.

 

4. Organic Response

On 3 April 2017 we learned of the sale from Organic Response, Australian supplier of intelligent lighting control solutions, a Fagerhult. The divestiture consisted of certain assets of Organic Response and Organic Response Investors and its IPR.

Organic Response uses distributed intelligence to control arrays of electrical devices serving building occupants, while Fagerhult develops, manufactures and markets innovative, energy-efficient lighting solutions for professional indoor, retail and outdoor environments.

"We have acquired IPR and the assets of Organic Response because of the great value and potential we see in their lighting control products and analytics technology for our Group's businesses. Lighting controls and data analytics are an important part of our business. increasingly important of the lighting solutions space," said Johan Hjertonsson, CEO of Fagerhult.

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