LED iBond
LED iBond is a Denmark-based designer and manufacturer of ultra-slim LED lighting systems (TRACY, GRACY, HORTISABER) and the INFOGrow cloud-based greenhouse management platform, serving parking facilities, service stations, indoor farming, and customized interior lighting markets across Europe.
- Company typePublic
- Founded2014
- HeadquartersKongens Lyngby, Denmark
- Headcount1–10
- GTM typeB2B
- OfferingHardware or Manufacturing
What LED iBond does
LED iBond International A/S is a Denmark-based designer and manufacturer of ultra-slim LED lighting systems, founded in 2014 and publicly listed on Nasdaq First North Growth Market Denmark (ticker LEDiB). The company operates four product platforms: TRACY (interconnectable linear LED panels that serve as both electrical conductor and lighting, extendable up to 75 meters on a single power connection), GRACY (industrial-grade LED luminaires at 6mm thickness with IP67 rating for harsh environments), HORTISABER (high-efficiency LED grow lights targeting up to 60-70% energy savings versus traditional HPS systems in greenhouses and vertical farms), and INFOGrow, a cloud-based greenhouse management platform acquired to enable subscription recurring revenue. Product brands extend to UV-C disinfection panels, The Shelly illuminated shelving for libraries, and Far UVC technology via subsidiary Baldr Light ApS.
The company serves four primary verticals: parking facilities (garages, carports, solar canopies), service stations (canopies, car washes), indoor farming (greenhouses, vertical farms, growth chambers), and customized interior lighting (offices, libraries, elevators, healthcare). Named customers span enterprise, government, education, and healthcare segments, including Circle K Denmark, Bentley Madrid, Rigshospitalet, Ball Beverage Packaging, DTU Library, Deichman Bjørvika Library (Oslo), Gridserve EV charging hubs, and Hjortebjerg Nursery. Go-to-market combines direct enterprise sales with demo booking, a reseller and distributor network across Europe, OEM supply to solar carport manufacturers (currently 12 of approximately 50 potential), and channel partnerships in South Korea via B2 Lighting Management.
Revenue is generated primarily through one-time hardware sales of TRACY, GRACY, and HORTISABER product lines, supplemented by INFOGrow subscription software and professional services for design and installation support. FY2025 revenue is guided at DKK 7-11 million (revised downward from DKK 13-17 million) with EBITDA loss of DKK -3 to -5 million, against a backdrop of an active turnaround: 50% operational cost reduction over two years, production outsourced to a European third party, an interim CEO in place, and a Nasdaq First North delisting approved for April 2026 with new debt financing secured.
LED iBond firmographics
Firmographics- Name
- LED iBond
- Legal name
- LED iBond International A/S
- Website
- https://ledibond.com
- Company type
- Public
- Founded year
- 2014
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- LED iBond is a Denmark-based designer and manufacturer of ultra-slim LED lighting systems (TRACY, GRACY, HORTISABER) and the INFOGrow cloud-based greenhouse management platform, serving parking facilities, service stations, indoor farming, and customized interior lighting markets across Europe.
- Ownership category
- akta.pro rank
LED iBond industry classification
Industry- Product category
- Industrial LED Lighting
- NAICS
- Commercial, Industrial, and Institutional Electric Lighting Fixture Manufacturing (335132)
- SIC
- Electric Lighting & Wiring Equipment (3640)
- akta.pro primary industry
- Industrial & Commercial Luminaires (High-bay, Low-bay, Troffers, Downlights) (IMAGAIAA)
- akta.pro secondary industries
- Lighting Controls & Building Integration (Drivers, sensors, dimming, lighting control panels, networked lighting) (IMAGAIAI), Outdoor & Area Lighting (Street, Roadway, Parking, Flood, Sports/Architectural exterior) (IMAGAIAB), Controlled Environment Lighting (LED Grow Lights, Controls) (AFAAAHAC), Lighting Controls & Smart Lighting Systems (BPABAGAC)
Keywords
Where LED iBond is headquartered
LocationHeadquarters
- HQ city
- Kongens Lyngby
- HQ country
- Denmark
- HQ region
- Europe
Offices1 record
Markets served
LED iBond business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Supply Chain
Revenue model
- Hardware Product Sales: LED iBond generates primary revenue from selling proprietary LED lighting products including TRACY, GRACY, and HORTISABER product lines. Products are sold directly and through channel partners for parking facilities, service stations, indoor farming, and interior applications. One-time hardware purchase model with varying pricing based on specifications.
- INFOGrow Software Subscriptions: Cloud-based greenhouse management platform offered on subscription basis for horticulture farmers. Delivers recurring revenue through energy and production optimization software. Part of company's transition to solutions-based recurring revenue model.
- Professional Services: Design recommendations, light simulations, and custom installation support for enterprise customers. Included in sales support for resellers and distribution partners.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | InfoGrow subscription platform with basic solution proven scalable for horticulture markets |
Go-to-market motion3 records
Distribution channels5 records
Marketing channels9 records
LED iBond product offering
Product offeringCore offering
LED iBond designs and manufactures ultra-slim, energy-efficient LED lighting systems built on proprietary interconnect technology. Its core product lines include TRACY linear LED panels (6-7mm height serving as both conductor and luminaire), GRACY industrial luminaires (world's thinnest IP67 LED at 6mm), and HORTISABER high-efficiency grow lights for greenhouses and vertical farms. The company also offers the INFOGrow cloud platform for greenhouse energy and production optimization, plus DALI-compatible Light Management systems for intelligent building lighting control.
Product overview
LED iBond offers a portfolio of ultra-slim LED lighting products built on proprietary technology platforms. The core offerings include: TRACY Interconnect (extendable linear LED panels serving as both conductor and luminaire), GRACY Industry (world's thinnest IP67 LED luminaire at 6mm), and HORTISABER (high-efficiency LED grow lights for greenhouses). Supporting these are Light Management systems for smart building control, TRACY/GRACY Horticulture variants for vertical farming, UV-C disinfection panels, and the InfoGrow cloud platform for greenhouse optimization. All products are designed and manufactured in Denmark with a focus on energy efficiency, modularity, and sustainability.
Differentiator
Problem solved
Functional benefit
Brands
- TRACY: Ultra-slim extendable LED spot panel that serves as both electrical conductor and LED lighting panel, minimizing need for cables. Used in parking facilities, carports, service stations, and industrial applications.
- GRACY
- HORTISABER
- INFOGROW
- Baldr Light
- The Shelly
Products and services
- TRACY Interconnect Ultra-slim linear LED spot panels serving as both electrical conductor and luminaire, extendable up to 75 meters with single power connection. 6mm thick, IP67 rated, modular, and DALI-compatible for parking facilities, carports, service stations, and industrial applications.
- GRACY Industry World's thinnest LED-spot luminaire for industrial use at 6mm thickness with IP67 rating. Aluminum Composite Panel construction with integrated LEDs in SQR (600x600mm) and RGS (560x260mm) variants, delivering up to 11,480 lumens for harsh environments such as service stations, car washes, and elevators.
- HORTISABER Horticulture Second-generation LED grow light for greenhouses and vertical farms with passive cooling, up to 3.8-4 µmol/J efficacy, customizable spectrum, and L90 >50,000-hour lifetime. Reduces energy costs by 20-67% versus traditional HPS lighting.
- Light Management System Advanced lighting control and management system with DALI V2.0 support, motion detection, daylight monitoring, zone grouping, and cloud-based control capabilities. Available in Basic, Smart, and Advanced tiers, reducing energy costs by up to 80%.
- TRACY Horticulture Linear LED growth light panels for vertical farming applications with customizable spectra (nursery, vegetative, pre-harvest), IP67 rating, wireless app/Bluetooth control, and efficient heat management reducing ventilation needs.
- GRACY Horticulture Slim 6mm grow light solution for shelves and trolleys in growth chambers. IP67 rated, customizable spectrum and micromole output, minimal wiring due to integrated power conduction, with 15cm minimum distance to plants.
- TRACY UV-C Panel UV-C disinfection panel delivering up to 99.9% disinfection rate at 270-280nm wavelength. 6mm slim design, replaceable LED bulbs, up to 20,000-hour lifetime, and optional active cooling fans. Up to 30% lower TCO versus mercury alternatives.
- The Shelly Illuminated bookshelf with built-in LED lighting designed for libraries. Anodized scratch-proof aluminum, hidden wires, mobile device light control, 80kg carrying capacity, and 3000K color temperature.
- INFOGrow Greenhouse Management Platform Cloud-based greenhouse management platform delivering energy and production optimization through real-time data monitoring and predictive modeling. Developed with SEGES Innovation, Delphi, and HortiAdvice. Offered on annual subscription to horticulture farmers.
Quantifiable outcome
- Up to 80% energy cost reduction in parking facilities with intelligent light control
- +5 more outcomes
Companies that use LED iBond
Customer profileNamed customers11 records
Segments5 records
Ideal customer profiles4 records
LED iBond technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
Feature6 records
LED iBond partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core and flagship.
- SEGES Innovation, Delphi, HortiAdvicecoreCo-development partners for INFOGrow cloud platform development, bringing together agricultural expertise, technology integration, and horticultural advice.
- Circle K DenmarkflagshipOver next two years, Circle K will replace fixtures with GRACY solution for canopy lighting upgrade. Major enterprise customer partnership.
- BluetopflagshipPartnership with Danish manufacturer of solar parking solutions to supply TRACY panels for Gridserve's electric vehicle charging hubs and other solar carport projects.
- B2 Lighting ManagementflagshipKorean partner that has tested limits of TRACY Design product and built great design installations including Gachon Cocone School project. Active in South Korea market.
- INFOGrow AcquisitioncoreAcquisition of scalable cloud-based greenhouse management platform enabling transition to recurring revenue model in agri-tech sector.
Scale indicators8 records
Recent moves6 records
Expansion highlights6 records
LED iBond competitors and assessment
Company assessmentDirect peers
- Fluence by OSRAM: Specialist LED horticulture lighting provider (owned by OSRAM) serving global greenhouse and vertical farming operators. Most direct head-to-head competitor to HORTISABER in industrial greenhouse toplighting and vertical farm rack lighting.
- Heliospectra AB: Swedish-listed specialist in LED grow lights and light control software for horticulture and vertical farming. Closely comparable in product scope (LED grow lights + SaaS control platform) and target customers to LED iBond's HORTISABER + INFOGrow bundle.
- Glamox AS: Norwegian-based European lighting manufacturer with strong presence in industrial, commercial, marine, and offshore LED luminaires. Direct competitor to LED iBond's TRACY and GRACY product lines in European industrial and parking applications.
Broad incumbents
- Signify (Philips Lighting): Global market leader in LED lighting (formerly Philips Lighting) with broad portfolios across commercial, industrial, horticultural (Philips GreenPower), and connected lighting. Competes with LED iBond in HORTISABER's horticulture space and in industrial/smart-building lighting at vastly greater scale.
- Zumtobel Group: Austrian-listed European professional lighting specialist with strong portfolios in indoor architectural lighting, industrial, and outdoor luminaires. Comparable to LED iBond in customized interior lighting and industrial lighting segments, with much larger scale.
- OSRAM (ams-OSRAM): Global lighting and opto-semiconductor leader offering industrial LED luminaires, horticulture lighting (via Fluence), and UV-C disinfection. Directly overlaps with LED iBond across GRACY industrial fixtures, HORTISABER horticulture, and TRACY UV-C disinfection products.
- Fagerhult Group: Swedish-listed European lighting group with premium indoor, outdoor, and industrial luminaire brands. Competes with LED iBond in commercial interior lighting, libraries, and industrial applications across the Nordics and wider Europe.
- Hubbell Lighting: Large North American lighting manufacturer offering industrial, commercial, and outdoor LED fixtures including parking and canopy lighting. Overlaps with LED iBond's TRACY and GRACY product lines in parking and service-station applications, primarily competing in the US market.
- Current Lighting (GE Current a Daintree company): North American LED lighting and controls provider serving commercial, industrial, and horticulture markets. Overlaps with LED iBond in industrial fixtures, connected lighting controls, and horticulture, though with stronger presence in North America.
Regional players
- Aura Light International: Swedish-European sustainable lighting manufacturer focused on industrial and commercial LED solutions with strong circular-economy / recyclability positioning. Comparable to LED iBond on sustainability narrative (96.6% recyclability claim) and Northern European industrial customer base.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks7 records
Key highlights6 records
Customer concentration
LED iBond social profiles
Digital presenceLED iBond compliance and trust
Trust signalCompliance2 records
LED iBond financial estimates
Financial estimateRevenue estimate
Valuation estimate
LED iBond leadership team
Management profileNumber of profiles
Profiles8 records
LED iBond subsidiaries and ownership
Company hierarchySubsidiaries1 record
LED iBond funding detail
Funding detailFunding overview
Funding rounds5 records
Investors3 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
LED iBond M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about LED iBond
What does LED iBond do?
LED iBond designs and manufactures ultra-slim, energy-efficient LED lighting systems built on proprietary interconnect technology. Its core product lines include TRACY linear LED panels (6-7mm height serving as both conductor and luminaire), GRACY industrial luminaires (world's thinnest IP67 LED at 6mm), and HORTISABER high-efficiency grow lights for greenhouses and vertical farms. The company also offers the INFOGrow cloud platform for greenhouse energy and production optimization, plus DALI-compatible Light Management systems for intelligent building lighting control.
Is LED iBond a public or private company?
LED iBond is a public company. It is classified as public and is currently operating.
When was LED iBond founded?
LED iBond was founded in 2014. It employs 1 to 10 people.
Where is LED iBond based?
LED iBond is headquartered in Kongens Lyngby, Denmark, in the Europe region.
How does LED iBond make money?
Three revenue lines are on record. Hardware Product Sales are the primary driver. The others are INFOGrow Software Subscriptions and professional Services.
Who are LED iBond's main competitors?
Direct peers on record are Fluence by OSRAM, Heliospectra AB and Glamox AS. Broad incumbents are Signify (Philips Lighting), Zumtobel Group, OSRAM (ams-OSRAM), Fagerhult Group, Hubbell Lighting and Current Lighting (GE Current a Daintree company). Aura Light International is listed as a regional player.
Does LED iBond have an API?
No public API is recorded for LED iBond.
What industry is LED iBond in?
LED iBond's product category is Industrial LED Lighting. Its primary akta.pro industry code is IMAGAIAA, Industrial & Commercial Luminaires (High-bay, Low-bay, Troffers, Downlights), with a secondary code of IMAGAIAI, Lighting Controls & Building Integration (Drivers, sensors, dimming, lighting control panels, networked lighting). Its NAICS code is 335132 and its SIC code is 3640.