Continuum Closes $17.5M Round

Continuum Photonics completes $17.5M Series C round of financing led by JK&B Capital

April 6, 2004

1 Min Read

BILLERICA, Mass. -- Continuum Photonics Inc., a market leader in high-performance optical switches for the optical automation systems and telecommunications markets, today announced it has closed an additional round of over $17.5 million in its Series C financing.

A new investor, JK&B Capital, led the oversubscribed round, with significant participation from additional new investor, Boston Millennia Partners. Prior investors Prism Venture Partners, Flagship Ventures, Harris & Harris Group, Gainesborough LLC, and private individuals also participated in the round. With the completion of this latest financing, Al DaValle, Partner of JK&B Capital has joined Continuum's Board of Directors.

"Continuum has made significant progress in serving our growing base of world-class customers," said Jeffrey Farmer, CEO of Continuum. "This round allows us to move aggressively in providing the products that our customers are demanding. Given the general market conditions that exist today, the financing is a very strong validation of our unique team and technology."

Continuum Photonics Inc.

Subscribe and receive the latest news from the industry.
Join 62,000+ members. Yes it's completely free.

You May Also Like