GLO AB raises $25M, announces new CEO
Swedish nanowire LED developer GLO AB has raised SEK 170 million ($25 million) in investment, with new investor Wellington Partners leading the round, and with return investors including VantagePoint Venture Partners of San Bruno, California, Provider Venture Partners (Stockholm), Hafslund Venture, Agder Energi Venture, Teknoinvest (Oslo) , LU Innovation, and LUAB the investment arm of Lund University in Sweden. Fariba Danesh has also been named as GLO AB’s new CEO.
4 October 2010•6 mins read
