Technology company Light Blue Optics (LBO) has raised $13 million (£8.2 million) from a syndicate of investors.
Technology company Light Blue Optics (LBO) has raised $13 million (£8.2 million) from a syndicate of investors.
The funding round was led by DFJ Esprit, and included the new investors Christie Digital Systems Canada and WhiteGold Fund Management. Existing investors that also participated were Robert Bosch Venture Capital, Earlybird Venture Capital, Capital-E and NESTA.
Cambridge-based LBO develops and produces miniature projection systems that are used in the automotive and consumer electronics sectors. The company also has a development facility in the US. LBO previously raised $15 million in a 2009 fundraising.
The investment was sought to market the company’s Light Touch and Light Work products and to continue development of other new technologies. Light Touch uses LBO’s holographic laser projection technology to project images onto surfaces.
Founded in 1929, Christie Digital Systems is a technology company that manufactures visual display systems for cinemas and large audience environments. London-based WhiteGold Fund Management was founded in 2009 and the LBO investment is the firm’s first private equity investment.
