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Relume Technologies receives $7M VC investment, adds 10 jobs

Relume Technologies is in the midst of what its leaders are calling a "steady, continual growth," which should allow the LED manufacturer to continue adding jobs.

These last two years, the Oxford-based company has hired close to 20 people, including 10 last year. It now employs 65 people and expects to add to that number this year.

"We're on a significant growth curve that will takes us to 250 jobs within the next two years," says Curt McIntosh, product development manager for Relume Technologies.

Relume Technologies
develops and manufactures LED technology and smart-grid systems. LEDs and smart-grid technology are seen as the leaders in energy conservation for lighting technologies. Communities and businesses across the country are adopting strategies such as putting LED streetlights in downtown Ann Arbor.

"There is a severe need on the energy conservation side of the industry," McIntosh says.

Relume Technologies recently received a venture capital investment worth $7 million with Farmington Hills-based VC Beringea leading the round.

Source: Curt McIntosh, product development manager for Relume Technologies
Writer: Jon Zemke

Read more about Metro Detroit's growing entrepreneurial ecosystem at SEMichiganStartup.com.
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