Centerpoint Closes $130M Round

Mezzanine round for startup developing transmission systems

October 31, 2000

1 Min Read

SAN JOSE, Calif. -- Centerpoint Broadband Technologies Inc., a developer of optical networking transport and aggregation systems, today announced that it has raised approximately $130 million in its mezzanine round of financing. The round, led by Putnam Investments and OppenheimerFunds, includes Amerindo Investment Advisors, Essex Investment Management Company, Firsthand Capital Management, Inc., The Kaufmann Fund, Inc., Octane Capital Management and Pilgrim Baxter & Associates. Also included in the round are a number of top-tier investment banks. The company expects to complete a second close with strategic partners and carriers within the fourth quarter. Earlier stage investors in Centerpoint include BancBoston, Cisco Systems, Inc., ComVentures, Menlo Ventures, SBC-MKG and US Venture Partners.

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