France-based LED lighting manufacturer Aledia has raised a €28.4m ($31m) series B round from investors including Ikea GreenTech, the corporate venturing arm of furniture retail chain Ikea, and automotive equipment manufacturer Valeo.
French state-owned investment fund Bpifrance also invested through its Fonds Ecotechnologies, while Sofinnova Partners, Braemar Energy Ventures, Demeter Partners and CEA Investissements all returned for the round.
The series B round was oversubscribed.
Sofinnova, Demeter, Braemar and CEA previously provided €10m for a series A round in 2013.
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