Lucibel closes cash and bonds funding round

The financing round began in March. An additional €9m contribution has been made in bonds, convertible into shares, subscribed by all three key backers. 

Bpifrance, Aster Capital and CM CIC Capital Innovation provided €7m, €3.5m and €3m respectively. The remaining funding was provided by other investors. 

Bolt-on acquisitions are expected in the near future. The firm intends to grow in both domestic and international markets. 

Company
Founded in 2008 and based in Paris, Lucibel is an LED lighting solutions provider. The firm's clients include customers in the building sector, private individuals, retailers and councils. 

People
Nicolas Dufourcq is CEO of Bpifrance and worked on the deal. Jean-Marc Bally is a managing partner at Aster. 

Advisers
Equity, Company - Brandford Griffith & Associates (Legal); Veil Jourde (Legal).

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