Press

LED light as natural as an incandescent bulb: LEDeXCHANGE GmbH receives seed financing from High-Tech Gruenderfonds

January 29, 2013

LEDeXCHANGE GmbH emerged on the scene promising that its line of products which create light “as natural as an incandescent bulb” would give consumers a genuine alternative to current energy efficient light bulbs. High Tech Gruenderfonds (HTGF) has been convinced by this innovative company’s commitment to producing light sources that save energy and cast that familiar, warm glow and as a result are investing in LEDeXCHANGE through a seed financing agreement.

The High-Tech Gründerfonds (HTGF) invests in the 2011 founded Start-up from Rheinbreitbach, Rhineland-Palatinate. The LEDeXCHANGE has already filed more than 30 patents, registered designs and patterns. The company specializes in LED lighting products aimed at the lighting retrofit market. These modern LED lights are produced with classical sockets and can be installed without the renovation of existing electrical systems or infrastructure. In 2012, LEDeXCHANGE was named “Most Dynamic LED Partner 2012” at the Light + Building Trade Fair in Frankfurt

Guillem Sagué, Investment Manager at HTGF, claims, “The lighting market will undergo a complete renewal to LED lighting systems during the coming five years. This development will present LEDeXCHANGE with huge opportunities in the marketplace. The seed capital provided by HTGF will primarily be used to fulfill existing contracts and support the expansion of the company’s sales activities.”

LEDeXCHANGE’s lighting products use only the company’s own, patented LED chips each of which contains state-of-the-art technology. All the company’s products are manufactured in conformance with both EU Directive 2002/95/EC (RoHS) governing the use of hazardous substances in electronic equipment and the testing standards of external, certified service providers such as VDE, TOBY or TÜV.

“All the high-quality LED lighting systems that we produce are based on the results of our own R+D work and are certified by VDE,” explains Mathias Gladner, Managing Director of LEDeXCHANGE. “We’ve responded to customer demand by developing light sources that generate a consistent light level for their entire operating life and produce the sort of warm, natural glow typically associated with incandescent bulbs.”

That the company’s business concept has identified an area of demand is illustrated by its remarkable success in the non-housing market. In two short years and working under the banner “We make light economical”, LEDeXCHANGE has become the leading retrofitter of lighting systems for the hotel branch and the firm’s client list includes such industry leaders as Accor, Arosa, Best Western, Dorint, Holiday Inn, Maritim, Ibis and Steigenberger. With energy savings of between 70% and 90%, large-scale electricity users see the amortization of their investment in relatively short order. The LEDeXCHANGE team puts its ideas and experience at the service of its customers: “Our experience has shown that the most expensive solution is not always the best. Our customers appreciate not only the quality of our products, but their efficiency as well.”

ABOUT LEDeXCHANGE
Lighting specialist LEDeXCHANGE develops and produces cutting edge LED lighting products and distributes these exclusively in the B2B marketplace. Founded in 2011, the company has its headquarters in Rheinbreitbach, Rhineland-Palatinate and offers a broad palette of LED lighting systems suitable for large-scale retrofit projects. LEDeXCHANGE’s lighting products are particularly attractive to customers as they offer energy savings of between 70% and 90% in comparison to traditional incandescent bulbs, halogen light sources or fluorescent tube lighting systems. LEDeXCHANGE GmbH is one of a handful of providers that has received EU approval to assess and certify Green Lighting status.

Contact:
LEDeXCHANGE GmbH
Maarweg 54
53619 Rheinbreitbach
Tel:  +49(0)2224.9898710
Fax: +49(0)2224.7799742
info@led-ex.de
www.led-ex.de

About High-Tech Gruenderfonds
High-Tech Gruenderfonds invests in young, high potential high-tech start-ups. The seed financing provided is designed to enable start-ups to take an idea through prototyping and to market launch. Typically, High-Tech Gruenderfonds invests EUR 500,000 in the seed stage, with the potential for up to a total of EUR 2 million per portfolio company in follow-on financing. Investors in this public/private partnership include the Federal Ministry of Economics and Technology, the KfW Banking Group, as well as seventeen commercial enterprises ALTANA, BASF, B. Braun, Robert Bosch, CEWE Color, Daimler, Deutsche Post DHL, Deutsche Telekom, Evonik, media + more venture Beteiligungs GmbH & Co. KG, METRO, Qiagen, RWE Innogy, SAP, Tengelmann and Carl Zeiss. High-Tech Gruenderfonds has about EUR 573,5 million under management in two funds (EUR 272 million HTGF I, EUR 301,5 million HTGF II).

Contact:
High-Tech Gruenderfonds Management GmbH
Guillem Sagué
Schlegelstraße 2
53113 Bonn
Tel:  + 49 228 / 82 30 01-00
Fax:  + 49 228 / 82 30 00-5
info@htgf.de
www.high-tech-gruenderfonds.de

Stay up to date

Subscribe now and receive the latest press releases on investments and other news from High-Tech Gründerfonds. We inform you about important developments at HTGF and provide you with interesting news from our portfolio. Whether it’s a successful exit, a new exciting investment or HR news – you’ll be the first to know!

More Press posts

Press
27. February 2024

Successful Exit for HTGF: Valispace Joins Forces with Altium in a Strategic Acquisition 

Altium and Valispace are joining forces to accelerate the execution of a shared vision for empowering engineers.  HTGF was the first institutional investor and led the seed round in 2018 and has closely supported Valispace throughout all phases of their growth journey. As part of the deal HTGF will sell its shares.  Louise Lindblad, co-founder of Valispace: “We’re now excited to, together with Altium, continue our mission of empowering engineers to build great products,
 
Press
toolify founders
22. February 2024

€1.6 million investment for XITO: Seed funding for easily accessible robotics

With the completed seed financing, XITO now has €1.6 million to expand sales and product development. Toolify Robotics GmbH enables companies to implement robots independently with its XITO solution platform. Thanks to their product XITO, especially SMEs can get started with automation at low cost – without programming knowledge and without external specialists. Ulm, 22. February 2024 – The start-up Toolify Robotics, founded by the three robotics experts Dr. Dennis S
 
Press
21. February 2024

ClimateTech startup Cyclize secures €5 Million in Seed Funding for revolutionary plastic recycling technology

Stuttgart, February 21, 2024 – Cyclize, the ClimateTech startup from Stuttgart, is forging ahead with €4.75 million in startup capital to initiate a revolution in the chemical industry – the goal: To replace fossil resources using innovative carbon recycling of plastic waste and CO2. The funding round is led by UVC Partners, with complementary investments from High-Tech Gründerfonds (HTGF), Aurum Impact, UnternehmerTUM Funding for Innovators, and high-profile business angels, includin