LumenStream Secures £1.2M Investment Led by Clarendon Fund Managers

LumenStream, an innovative provider of smart lighting solutions, has successfully raised £1.2 million in a funding round aimed at scaling its lighting-as-a-service operations. The round was led by a local angel investment syndicate, with significant participation from Co Fund III, managed by Clarendon Fund Managers, and Techstart Ventures. Known for its zero-upfront-cost smart lighting solutions, LumenStream helps businesses reduce CO2 emissions and operational expenses through its Pay as you Save model. The new capital will support the company's growth, including hiring in accounting, sales, and technical support as they prepare to expand their operations. High-profile clients like Siemens, Wickes, Oxfam, and Ryobi already benefit from LumenStream's services. Alistair Brown, CEO, emphasized the significance of this investment for LumenStream's mission to enhance energy efficiency in businesses, reinforcing Belfast's reputation in green innovation. This round marks an important step for Northern Ireland's green economy, providing sustainable economic solutions and reinforcing a commitment to reducing the carbon footprint.