Ledzworld receives $5m in funding to accelerate sales growth, product innovation

Ledzworld, the innovator behind the top brands in commercial LED lighting, announced today that it has closed its latest round of internal funding, bringing the total amount raised from its existing private shareholders in the past couple of months to $5 million.

The proceeds from the new funding will be used to finance Ledzworld's rapid sales growth, expand its manufacturing capabilities and retain its leadership position in developing high-quality, ultra-compatible LED lighting lamps and modules for professional end-users.

In conjunction with the latest funding round, the Board of Directors of Ledzworld appointed Ken Chakravarti as its new Chief Executive Officer, in addition to his continuing role as Chief Technology Officer.

"This new round of funding will enable us to meet the rapidly growing demand for our industry leading products from an ever-expanding customer base across the globe and build up the necessary scale to remain competitive in this fast-evolving market," said Ken Chakravarti, Chief Executive Officer of Ledzworld. "With this latest capital commitment, our shareholders have signalled their readiness to support the company in reaching the next level and have given Ledzworld the means to determine its own strategic path towards that point. This path could include forging partnerships with industry players to even more firmly secure our leading position in the premium segment of the LED lighting market."

Since 2009, Ledzworld has revolutionised the lighting industry by developing, designing and manufacturing LED lighting that exceeds customer expectations. The company's industry leading products perform with no surprises, no disappointments, no compromises.

To learn more about Ledzworld's high-performance LED products, visit www.ledzworld.com.