Soraa, Inc.

Canaccord Genuity acts as financial advisor to Soraa, Inc., a portfolio company of Khosla Ventures, on its acquisition by Ecosense Lighting Inc.

Canaccord Genuity is pleased to announce that on March 23, 2020, Soraa was acquired by Ecosense. Canaccord Genuity acted as financial advisor to both Soraa and Khosla Ventures.

Soraa is a leading designer and manufacturer of full-spectrum LED lamps based in Fremont, California. The Company delivers superior lighting products to end markets where color matters, including high-end retail, museums, premium restaurants and hotels. Pioneering LEDs built from pure gallium nitride substrates, Soraa full-spectrum lamps and fixtures deliver superior color rendering and beam characteristics as compared to LEDs created from non-native substrates.

Ecosense is a leading LED technology company recognized for its innovation and design. Soraa’s intellectual property and technology portfolio is highly complementary to Ecosense. This acquisition is Ecosense’s first foray into the professional lamp category and will accelerate Ecosense into the next wave of lighting.

The Canaccord Genuity team consisted of Dan Coyne, Marc Marano and Taylor Murphy.