Cube Optics Lands €10M

LONDON and MUNICH -- Global private equity firm, The Carlyle Group, together with international venture capital firm, Target Partners, have led a second round of financing for Cube Optics AG. Cube Optics has developed a next generation assembly and manufacture platform, which allows mass-manufacture of low cost and miniaturized components for data and telecommunications networks. Seed funded by STAR Ventures and Sevin Rosen Funds, Cube Optics raised this new €10 million financing round to extend its product range and gain further market traction. The investment is being made through Carlyle's €650 million European venture capital fund, Carlyle Europe Venture Partners, and Target Partner's €112 million early stage fund based in Munich, Germany, and includes follow-on investments from existing investors Sevin Rosen Funds, STAR Ventures and several private investors. Cube Optics' unique packaging and assembly platform makes it possible to mass-produce optical devices that cost less and are up to 100 times smaller than current devices on the market. With this technology, Cube Optics can produce a broader range of optical components that include all the market's usual specifications and are small enough as well as cost-effective enough for systems integrators to use in a wider range of situations than is currently economical. "We have been through extensive R&D and our technical solutions are unique, state-of-the-art and, most importantly, add significant value for systems vendors," said Dr. Thomas Paatzsch, CEO of Cube Optics. "This investment round will help us to really drive further product developments and enforce our international distribution strategy."Cube Optics AG (CUBO)