LED Livestock ApS receives investment of DKK 2.000.000 as part of the company’s seed financing round.
Existing shareholder Syddansk Innovation A/S have invested DKK 500.000 in equity matched by a syndication loan by the Danish Growth Fund (Vækstfonden) of DKK 1.500.000. The investment will finance LED Livestock’s further product maturation activities and product launch.
Rasmus Poulsen, CEO of LED Livestock says:
“Animal production facilities pose a harsh environment for LED’s and place high demands on product design. Thorough testing is necessary to ensure delivery of high quality and long-lasting solutions. We have gone through such a testing phase in close collaboration with test customers and are now finalizing our product based on these results.
We are grateful for the investment by SDI and the Danish Growth fund which will be used to execute the final development stage before our official product launch and initiation of an ambitious global sales plan. In the meantime, we will continue our fundraising activities to conclude the company’s seed financing round.”
Syddansk Innovation A/S also participated in LED Livestock’s pre-seed round in December 2018 at the foundation of the company as a spin-off by LED iBond International A/S. Helge Holm-Larsen, CEO at Syddansk Innovation A/S and chairman of LED Livestock ApS says:
“With the development of advanced production methods in animal farming, climate parameters have been extensively optimized. Denmark has played an important role in this development. We have decided to invest further in LED Livestock because we believe LED Livestock can play an important part in maintaining Denmark’s leading position in this field while tapping into an enormous market potential.
LED lighting holds untapped potential in animal farming which LED Livestock is uniquely positioned to realize with access to unique LED technology. LED Livestock’s solutions improves not only technical parameters such as LED efficiency and lifetime but also directly improve the customer’s production – for example how efficiently animals convert feed into meat. This results in substantial economic benefits for the customer while achieving considerable environmental benefits such as reduction in CO2 emissions and lower discharge of environmentally harmful substances.”
LED Livestock plans the official launch of its broiler lamp in H1 2021.
Rasmus Alexandersen Poulsen, CEO
Mobile: +45 40 89 55 66
Email: [email protected]
Chairman of the board, LED Livestock ApS
CEO, Syddansk Innovation A/S
Mobile: +45 50 96 47 01
Email: [email protected]
LED Livestock develop and sell innovative LED lighting solutions for livestock production. Our products increase livestock metrics and reduce costs associated with farm production. The company is a spin-out from LED iBond and draws upon their patented technology to ensure high performance and reliable LED lighting for your farm animals.