Bravida Closes $33M 2nd Round

Patricof & Co. Ventures Inc. led the round

November 20, 2000

1 Min Read

PALO ALTO, Calif. -- Bravida Corporation, a developer of next-generation data communications infrastructure for the emerging Optical Internet, today announced completion of its Series B round funding, raising $33 Million of new equity. Patricof & Co. Ventures, Inc. led the round that included investments from five additional investors, including: Advanced Technology Ventures, Anila Fund, i-Hatch Ventures, ONSET, and St. Paul Ventures.

"Bravida found the right mix of investors that will enable us to continue our extraordinary growth, as well as expand our network of resources," said Bravida CEO Joseph Skorupa. "Each investor brings unique value to us and we will draw heavily upon each of them. These are firms with impressive track records in the fields of networking, hardware and software investing. Their endorsement of our team, technology and market focus is further evidence of Bravida's leadership in optical internetworking."

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