Braemar Energy Ventures

Braemar Energy Ventures is a venture capital firm established in 2002 and headquartered in New York. The firm specializes in investing in technology and communications opportunities within the energy sector, leveraging its deep industry knowledge and operational expertise. With a team of experienced principals, Braemar Energy Ventures has successfully invested in nearly 40 energy technology companies, including many that have evolved into prominent players in the industry. The firm focuses on partnering with management teams who possess strong skills in their respective fields but may require guidance in strategic direction and financing. By offering counsel on long-term challenges, Braemar Energy Ventures enables these companies to concentrate on their daily operations while navigating the complex landscape of the energy sector.

Diane Bao

Associate

John Cavalier JD

Venture Partner

Dennis Costello

Partner

William D. Lese

Managing Partner

Eric A. Schultz

CFO

Neil S. Suslak

Co-Founder and Managing Partner

Don Tappan

Partner

George Reichenbach Ph.D

Co-Founder and Managing Partner

Past deals in LED

Aledia

Venture Round in 2023
Aledia SA specializes in the development and manufacturing of innovative light-emitting diodes (LEDs) utilizing a unique 3D architecture based on gallium-nitride-on-silicon microwires. Founded in 2011 and headquartered in Grenoble, France, with additional subsidiaries in Malacca, Malaysia, and Palo Alto, California, Aledia's technology employs standard 8-inch silicon wafers and existing fabrication processes, allowing for the production of LED chips at a significantly reduced cost compared to traditional planar designs. This technology supports a range of applications, including general lighting, automotive, and display technologies, specifically for mobile and microdisplays used in augmented and virtual reality environments. Aledia's focus on efficient, brighter, and cost-effective displays positions it as a key player in the LED market.

Aledia

Series C in 2018
Aledia SA specializes in the development and manufacturing of innovative light-emitting diodes (LEDs) utilizing a unique 3D architecture based on gallium-nitride-on-silicon microwires. Founded in 2011 and headquartered in Grenoble, France, with additional subsidiaries in Malacca, Malaysia, and Palo Alto, California, Aledia's technology employs standard 8-inch silicon wafers and existing fabrication processes, allowing for the production of LED chips at a significantly reduced cost compared to traditional planar designs. This technology supports a range of applications, including general lighting, automotive, and display technologies, specifically for mobile and microdisplays used in augmented and virtual reality environments. Aledia's focus on efficient, brighter, and cost-effective displays positions it as a key player in the LED market.

Nuventix

Debt Financing in 2014
Nuventix, based in Austin, Texas, specializes in active thermal management solutions, particularly through its patented SynJet module. This innovative synthetic jet cooling technology generates turbulent pulses of air using an electromagnetic actuator to effectively manage heat removal. Initially successful in computer cooling applications, Nuventix has made significant strides in the LED cooling market, advancing it by two years ahead of industry analysts' estimates. This progress not only enhances cooling efficiency but also supports the development of general illumination designs that leverage the benefits of LED technology.

Aledia

Series A in 2013
Aledia SA specializes in the development and manufacturing of innovative light-emitting diodes (LEDs) utilizing a unique 3D architecture based on gallium-nitride-on-silicon microwires. Founded in 2011 and headquartered in Grenoble, France, with additional subsidiaries in Malacca, Malaysia, and Palo Alto, California, Aledia's technology employs standard 8-inch silicon wafers and existing fabrication processes, allowing for the production of LED chips at a significantly reduced cost compared to traditional planar designs. This technology supports a range of applications, including general lighting, automotive, and display technologies, specifically for mobile and microdisplays used in augmented and virtual reality environments. Aledia's focus on efficient, brighter, and cost-effective displays positions it as a key player in the LED market.

Albeo Technologies

Series C in 2012
Albeo Technologies specializes in the manufacturing of LED lighting products tailored for industrial and commercial applications. The company offers a diverse range of lighting solutions, including cove, high bay, linear, display, and under cabinet LED fixtures, as well as LED fluorescent replacement products and retrofit kits. Albeo is recognized for its commitment to energy efficiency and quality, making it a preferred choice for businesses that value effective lighting in professional environments. As a leader in the research and development of commercial and industrial LED technologies, Albeo aims to enhance the lighting experience while promoting sustainability.

Lumenergi

Series B in 2012
Lumenergi is a provider of network-controlled lighting energy management solutions designed for commercial customers. The company enables clients to transform their lighting systems into responsive networks that can achieve up to 70% energy savings while allowing for customized control over visual environments. Lumenergi's offerings are flexible, capable of integrating with both existing and new lighting infrastructures, and can be easily scaled from individual rooms to entire buildings. The company's intuitive management system simplifies maintenance and enhances workspace customization, helping customers comply with building codes while maximizing energy savings through efficiency strategies and public utility incentives. With a track record of millions of installed square footage, Lumenergi has established itself as a leader in lighting technology innovation.

Nuventix

Venture Round in 2011
Nuventix, based in Austin, Texas, specializes in active thermal management solutions, particularly through its patented SynJet module. This innovative synthetic jet cooling technology generates turbulent pulses of air using an electromagnetic actuator to effectively manage heat removal. Initially successful in computer cooling applications, Nuventix has made significant strides in the LED cooling market, advancing it by two years ahead of industry analysts' estimates. This progress not only enhances cooling efficiency but also supports the development of general illumination designs that leverage the benefits of LED technology.

Luminus Devices

Venture Round in 2010
Luminus Devices specializes in the development, design, and manufacture of high-performance solid-state lighting solutions, focusing on its patented PhlatLight LEDs. These products are recognized for their exceptional brightness and versatility, enabling innovative applications across various sectors, including projection displays, entertainment, and general lighting. By redefining the solid-state lighting landscape, Luminus Devices has positioned its technology as a key component in products from leading global consumer and specialty companies, making previously unattainable illumination possibilities a reality.

Fulham

Series A in 2009
Fulham is a maker and distributor of all kinds of lighting systems, which recently entered the light-emitting diode market. Based in Hawthorne, Calif., Fulham also specializes in fluorescent ballasts and LED fixtures that regulate the flow of power in lamps. It will use its new financing to shift even more focus to newer technologies and to expand its sales organization around the world.

Nuventix

Series C in 2009
Nuventix, based in Austin, Texas, specializes in active thermal management solutions, particularly through its patented SynJet module. This innovative synthetic jet cooling technology generates turbulent pulses of air using an electromagnetic actuator to effectively manage heat removal. Initially successful in computer cooling applications, Nuventix has made significant strides in the LED cooling market, advancing it by two years ahead of industry analysts' estimates. This progress not only enhances cooling efficiency but also supports the development of general illumination designs that leverage the benefits of LED technology.

Luminus Devices

Series E in 2008
Luminus Devices specializes in the development, design, and manufacture of high-performance solid-state lighting solutions, focusing on its patented PhlatLight LEDs. These products are recognized for their exceptional brightness and versatility, enabling innovative applications across various sectors, including projection displays, entertainment, and general lighting. By redefining the solid-state lighting landscape, Luminus Devices has positioned its technology as a key component in products from leading global consumer and specialty companies, making previously unattainable illumination possibilities a reality.
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