Kymata Snares Another $67M

New round of funding, led by European Venture Partners, brings two-year total to $162 million

November 1, 2000

1 Min Read

LIVINGSTON, U.K. -- Kymata Ltd., a designer and manufacturer of planar optical components and subsystems, today announced that it has closed a $67 million round of additional funding, which includes asset financing, a venture loan and additional equity fundraising. This brings total funding to more than $162 million over the last two years, one of the largest financings for a private company in the optical components space to date. The funding will aid Kymata's drive to become a leader in the design and production of next generation optical components. European Venture Partners led Kymata's asset financing round, with syndicate members including GATX European Technology Ventures and RBS Mezzanine Limited (a Royal Bank of Scotland group company).

The new investors in the equity fundraising round include Chase H&Q, Comdisco Ventures, FNI Venture Capital, RBS Mezzanine Limited, and William Jones & Associates. They now join the prestigious group of Kymata's original investors, 3i Group, ACT Venture Capital, Bowman Capital, BT, ComVentures, Kleiner Perkins Caufield & Byers, Telesoft Partners, the University of Glasgow, and the University of Southampton, which contributed in earlier rounds.

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

You May Also Like