NEWS & VIEWS

Global private equity and venture capital news and research

Lytro secures $40m from North Bridge, existing backers

21 Nov 2013

lytroCamera maker Lytro has raised $40m from new and existing venture capital investors to fund further expansion of the business.

New investor North Bridge Venture Partners participated in the round alongside existing backers Andreessen Horowitz, New Enterprise Associates and Greylock Partners.

The company’s Light Field cameras enable users to focus pictures after they’ve been taken and change the perspective in the picture.

North Bridge general partner Jonathan Heiliger said, “We are excited to partner with Lytro in building the next wave of interactive image capture and sharing.

“The fun you experience when using a Lytro camera comes from the ability to engage with your photos in ways you never could before. But powering that interactivity is some great software and hardware technology that can be used for everything with a lens and sensor.”

Last month North Bridge’s growth team closed its second fund on $580m, bringing its total capital under management to over $1.1bn.

Copyright © 2013 AltAssets

FUNDRAISING & INVESTOR RELATIONS


Legals & Terms of UsePrivacy Policy


AltAssets is registered as a trademark of Investor Networks Limited (06695690).
Registered Office: Zetland House, 5-25 Scrutton St, London EC2A 4HJ
Content is © AltAssets 2000-2014