US-base light-emitting diode (LED) product developer Illumitex entered into a strategic agreement with Switzerland-based agribusiness corporation Syngenta last week. Syngenta Ventures, the corporate venturing division of Syngenta, will contribute to Illumitex’s latest round of funding as part of the agreement.
The news followed a strategic alliance agreement Illumitex signed with the Australia-based Gerard Lighting Group last month, which involved Gerard investing $3m in Illumitex.
A filing with the US Securities and Exchanges Commission in June indicated that Illumitex had raised $13.5m out of a planned $25.2m, with venture capital firms DFJ Mercury and New Enterprise Associates both participating. Board members of both firms were signatories to a $3.4m funding round in December 2010, as well as a representative of prior investor Aweida Ventures.
All three firms invested in Illumitex’s series B round, which raised $5.2m, in April 2009, while Illumitex’s series A round garnered $10.5m, in April 2008, from…
