16 05 2016

Angeleno Group acquires a minority stake in Soraa, Inc. for $50 million

Angeleno Group, LLC signed an agreement to acquire a minority stake in Soraa, Inc., a manufacturer of LED products made from gallium nitride substrates, for $50 million.


Soraa is the world’s leading developer of solid-state lighting technology built on pure gallium nitride substrates, commonly referred to as GaN on GaN™. Only Soraa uses a pure GaN crystal to create simply perfect light. Soraa’s flagship product is the highest-performance LED MR16 halogen replacement lamp on the market. Soraa’s investors include Khosla Ventures, NEA, and NGEN Partners. Jones Day acted as legal advisor for Angeleno Group, LLC on the transaction with a team led by Corporate partner Randall Schai. Involved fees earner: Randall Schai - Jones Day;

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