2011-12-29

OnChip Power Adds $1M Investment for LED

Boston LED startup OnChip Power has increased $1 million to its Series A fundraise, bringing the company’s first round to $2.8 million. According to an SEC filing, OnChip Power has added one more backer to the round, increasing the investor count from four to five. CEO Vanessa Green said previously that investors included Venrock and Arunas Chesonis, CEO of PAETEC Holding Corp. OnChip is working on developing technology that would allow for a smaller, less costly power supply for LED bulbs, in an effort to help drive greater adoption of the...
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