TAMPA, FL – LEDnovation Inc., a company developing and selling energy efficient LED lighting products, has raised $3 million of a $5 million equity offering, according to a regulatory filing. Investors include Argonaut Private Equity and Stata Venture Partners.

The company disclosed the funding in a filing with the U.S. Securities and Exchange Commission.

It targets the commercial, industrial, retail, cruise line,gaming, airport, hospitality and residential markets.

One of its lamps was selected at the “money-saving product of the year” by Building magazine.

Any company in the LED lighting market faces strong competition from North Carolina-based CREE.

Contact Tech Journal South Editor and writer Allan Maurer: Allan at TechJournalSouth dot com.

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Tags: financing, FL, LED lamps, LEDnovations, Tampa