Deako Lighting has completed its Series-B financing round, raising an additional $12.5 million in growth capital funding. To date, the company has raised $36 million in total funding.
Deako will use the new capital to add distribution partners, increase production capacity, and expand its array of plug-n-play light switch products to meet the needs of multifamily and custom homebuilders. Deako, now with six different manufacturing partners located in three countries, projects production capacity to grow by more than 400 percent by year-end, with continued similar growth in 2022.
Deako plug-n-play light switches, contracted to be installed into one out of every eight new U.S. single-family homes, are becoming adopted by homebuilders as an industry-standard in new home construction.
Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM.
In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.