Brainlit raised $12 million for expanding interntionally its lighting system business.
Brainlit, a Lund, Sweden-based developer of lighting environment solutions, announced that it completed a SEK 110M ($12M) capital investment round.
The funding was backed by 75 local investors in a round that was oversubscribed, according to the Swedish media.
Brainlit, founded in 2012 by Peter K Andersson and Tord Wingren and led by CEO Niclas Möttus Olsson, manufactures and sells a product called BioCentric Lighting system, which mimics natural daylight indoors improving health, well-being, and performance. The biocentric light is adapted to the need of individuals and to activities by using sensor driven LED lighting controlled by our patented software. It’s an advanced self-learning system that creates natural light environments for people.
Brainlit's customers include the Swedish Consulate General in Hong Kong, Medicon Village in Lund and the building The Spark, which is Sweden's first fully biocentric building. Prior to this round, in 2017, the company secured $1 million from outside investors.