OnePath Secures Another $40M

Aurum-SBC Investments led the current round, raising total investment to $54M

October 11, 2000

1 Min Read

PRINCETON, N.J. -- OnePath Networks, a leading provider of broadband optical access systems for the residential market, today announced that it has secured $40 million in its latest round of financing.First-time contributor Aurum-SBC Investments led the current round and was joined by Patricof & Co. Ventures and Geneva Merchant Banking Partners as well as by CIBC World Markets, Israel Seed and Apax Partners (Israel) with major follow-on investments. OnePath Networks has raised more than $54 million since its founding. The company will use the additional capital to speed the development and rollout of its optical access products and systems.

“Our vision of developing true broadband convergence solutions is forward-thinking and market leading,” explained David S. Stehlin, chief executive officer and president. “Our iPath and HomePath product lines are gaining wide acceptance and this new investment allows us to grow at even a faster rate. Adding Aurum-SBC Investments, Patricof & Co. and Geneva brings both strategic as well as financial value. Additionally, the significant capital committed by our previous investors is gratifying testimony to our progress as a company.”

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