Existing investors Emerald Technology Ventures and Access Venture Partners also committed additional capital.
Also participating were undisclosed private investors as well as company founder Anthony Catalano and members of the TerraLUX executive management team.
Founded in 2003, TerraLUX will use the new capital to accelerate the company’s growth.
‘This investment represents a continued endorsement of the accumulated intellectual property, robust and diverse customer base and TerraLUX success in solid state lighting,’ said Mark Verheyen, president and CEO of TerraLUX.
Chairman Brian Dundon added, ‘We are very pleased to have Generation Investment Management on board, given their global commitment to sustainability and long-term investing, understanding of the sector, and diverse partnerships.
‘We are also pleased with the ongoing support of Emerald Technology Partners and Access Venture Partners, as well as our new private investors. Investment participation by the individuals of the executive management team further reinforces the excitement and level of commitment within our team.’
Generation was founded by former US Vice President Al Gore and former Goldman Sachs Asset Management CEO Davide Blood.
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