Boise, Idaho — April 16, 2020 — Retrolux announced it has received an investment from Ideaship, a patent leveraged venture capital firm that provides patent development support for early stage startups. The investment will support Retrolux in providing cloud-based software solutions to the commercial lighting industry.
“We’re fortunate to be working with Retrolux and their innovative software solution, a workflow management system that is propelling the commercial lighting management industry forward in a big way,” commented Robert Bell, Ideaship Venture Partner.
“Retrolux is thrilled to receive an investment and strategic IP services from Ideaship. We’re confident this partnership will accelerate our innovation strategy while increasing the quality and value of the growing intellectual property we’ve developed and are committed to expand over time,” remarked Leif Elgethun, Co-Founder and CEO of Retrolux. Furthermore, Leif states, “having a strong partner in Ideaship as well as their limited partners Panasonic and Global Technology Transfer Group will ensure our foundational innovations will be well documented, protected, and valued as we grow on our early successes to meet our mission to scale smart, clean, energy solutions in buildings across the globe.”
Retrolux is a B2B cloud-based software company based in Boise, Idaho. Retrolux software provides lighting industry specialists with the tools they need to provide their customers with a streamlined transaction from start-to-finish. Smart Buildings are the future and Retrolux is leading the way with their sustainable, productive and healthy solutions designed for use by contractors, manufacturers, suppliers, building owners and property managers through a single, integrated platform.
About IdeashipIdeaship provides patent development capital for early stage ventures.
Ideaship is a collaboration between Global Technology Transfer Group (GTT Group) and Panasonic Intellectual Property Corporation of America. Ideaship combines the expertise and experience of GTT Group’s patent analysis, valuation, and monetization practices with Panasonic Intellectual Property Corporation of America’s leading patent department to achieve enterprise value premiums.