SunSun Lighting Raises US$30 Million from GSR Ventures and Oak Investment Partners (Asia)

Source: SunSun Lighting

SunSun Lighting, a China-based LED lighting manufacturer, has raised US$30 million in a Series B round led by Oak Investment Partners, a U.S.-based multi-stage venture capital firm, and GSR Ventures of China, which was the sole investor in SunSun’s US$10 million Series A round. SunSun Lighting plans to use the new capital to expand its manufacturing capacity and promote the growth of the solid state lighting industry. SunSun also received additional commitments from its original angel investors as part of the funding round.