# Illumitex

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/illumitex

- Industry: Electronics
- Headquarters: Austin, US
- Website: www.illumitex.com
- Total disclosed funding: $47M
- Latest round: Series C (Apr 30, 2015)
- Investors on record: 10

## About

Illumitex, Inc. focuses on providing advanced LED lighting solutions for horticulture and indoor farming applications, enhancing energy efficiency and crop yield through innovative technology.Founded in 2005, Illumitex, Inc. specializes in LED lighting technology tailored for the horticulture industry. Based in Austin, US, the company has consistently pursued advancements in lighting solutions. The latest funding round took place in May 2017, where they raised USD 4 mn in Growth capital led by WP Global Partners, with participation from New Enterprise Associates. The total amount raised by the company is USD 4 mn, focusing on improving product offerings and expanding market reach.Illumitex, Inc. specializes in innovative LED lighting solutions designed specifically for horticulture and indoor farming. Its core product offerings include a range of LED fixtures and systems that optimize plant growth and energy consumption. These products address challenges related to lighting efficiency, plant health, and yield enhancement. The company serves a diverse customer base, including commercial growers and agricultural facilities in North America, Europe, and parts of Asia, supporting the global shift toward sustainable farming practices.The revenue model of Illumitex, Inc. is based on a direct sales framework, with clients purchasing its suite of LED lighting products outright or through long-term contracts. This model ensures a steady revenue stream and fosters long-term relationships with customers. The flagship products include specialized LED systems that cater to various horticultural needs, bolstered by partnerships with distributors and resellers to enhance market penetration.Illumitex, Inc. plans to leverage its recent funding from May 2017 to enhance its product line, with new LED lighting systems aimed at improving energy efficiency in large-scale agricultural operations set to be launched by the end of 2018. The company aims to expand its operations into Asian markets, particularly targeting regions with a growing demand for sustainable farming solutions by 2020. The recent growth funding will enable the company to invest in research and development, ensuring that their innovations meet the evolving needs of the agricultural sector.

## Funding rounds

- Series C, Apr 30, 2015, $15M — Apex Venture Partners, New Enterprise Associates, Mousse Partners, WP Global Partners, Morgan Creek Capital Management, Syngenta Ventures
- Series B, Apr 1, 2014, $8.2M — Apex Venture Partners, Mousse Partners, Morgan Creek Capital Management, Syngenta Group
- Series D, Jun 13, 2011, $14M — New Enterprise Associates, Mercury
- Series C, Sep 30, 2009, $4.3M — New Enterprise Associates, Aweida Venture Partners, Applied Ventures, Mercury
- Series B, Mar 13, 2008, $5.3M — New Enterprise Associates, Aweida Venture Partners, Mercury
- Series A, Mar 26, 2007, $0.2M — Mercury

## Investors

- Mercury (https://capitalatlas.ai/funds/mercury) — Series A, Series B, Series C, Series D
- New Enterprise Associates (https://capitalatlas.ai/funds/new-enterprise-associates) — Series B, Series C, Series D
- Aweida Venture Partners (https://capitalatlas.ai/funds/aweida-venture-partners) — Series B, Series C
- Applied Ventures (https://capitalatlas.ai/funds/applied-ventures) — Series C
- Apex Venture Partners (https://capitalatlas.ai/funds/apex-venture-partners) — Series B, Series C
- Mousse Partners — Series B, Series C
- Morgan Creek Capital Management — Series B, Series C
- Syngenta Group — Series B
- WP Global Partners — Series C
- Syngenta Ventures (https://capitalatlas.ai/funds/syngenta-ventures) — Series C