Tuesday, December 7, 2010

Silicon Dragon startup LatticePower raises $55M from IFC

Though I couldn't be in Beijing today for the signing ceremony at the China World Hotel, I know Sonny Wu of GSR Ventures is grinning. His deal, LatticePower, has just raised $55 million from the IFC to continue its expansion and breakthrough designs for LEDs.
Venture capitalist Sonny deserves the credit. He has been running LatticePower as CEO, a necessary step since the founder is a physicist by training. He'd rather be in the lab than in front of a PC crunching numbers.
LatticePower is Chapter 12 in Silicon Dragon, by the way. Don't say that I don't identify these innovative rising stars from China early on!