Tech Company Financing Transactions
Eden Park Illumination Funding Round
On 2/24/2010, Eden Park Illumination raised $2 million in funding from Illinois Finance Authority and Yellowstone Capital.
Transaction Overview
Company Name
Announced On
2/24/2010
Transaction Type
Venture Equity
Amount
$2,000,000
Round
Undisclosed
Proceeds Purpose
Based in Champaign, Ill., the company plans to use the new money to commercialize its flagship product: a 36 square-inch panel (just a quarter inch thick) that generates 15 to 20 lumens of cool white light per watt. It consists of two pieces of glass, a phosphor, wire mesh and an emitter. It is expected to sell for $30, but distribution is still being arranged. Interestingly, the Air Force is testing it for various applications, and may sign a contract with the company pending results.
Company Information
Company Status
Private & Independent
Industry
Electronics
Mailing Address
903 North Country Fair Dr.
Champaign, IL 61821
USA
Champaign, IL 61821
USA
Phone
Website
Email Address
Overview
Eden Park Illuminations is a lighting technology company based in New York City.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Scientific Officer
Gary Eden
Chief Technical Officer
Sung Park
President
Cy Herring
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