Lightbulb innovator LIFX announces follow on investment from its recent Series A
Recently LIFX, the smart Wi-Fi lightbulb company closed a $12 million Series A round from US-based VC firm Sequoia Capital.
Yesterday afternoon, the company announced it has closed a further follow on round, with Australia’s Blackbird Ventures joining the LIFX family. Other follow on investors and angels include Qualcomm Ventures, Collaborative Fund, Max Levchin, SV Angel, Elad Gil, Naval Ravikant, Raymond Tonsing, Cotter Cunningham, Eric Wu, David King, and WS Investments LLC.
LIFX posted the following thoughts from some of the new investors on their blog in relation to the follow on round:
Eric Scott (HVF) – “The ability to control the light in your environment – from anywhere – is not something you think about until you spend a couple days living with LIFX. It’s just how things should be and hard to imagine going back.”
Rick Baker (Blackbird VC) – “We’re very pleased to be backing the LIFX team as they re-invent something fundamental to our modern way of life.”
Craig Shapiro (Collaborative Fund) – “We are excited to see the technology, standards, and products for internet-connected devices evolve. In LIFX, we saw as a chance to support a team that’s innovating for a form factor that’s ubiquitous (in US homes alone, there are over 4 billion light sockets). By building the bridge between software and hardware, we feel that light bulbs are only just the start.”
Currently LIFX is rapidly growing its development and design as well as its sales and marketing efforts across its three offices in Silicon Valley (US), Melbourne (AU) and the UK.