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