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E2O Closes $38.5M Third Round

Cash injection will be used to develop vertical-cavity surface-emitting lasers

November 20, 2000

1 Min Read

November 20, 2000 - E2O Communications, Inc., a dynamic manufacturer of fiber optic transceivers for optical communications, announces the receipt of over $38.5 million in third round venture capital financing. This brings the total investment in E2O to over $60 million. Leading investment firm Lehman Brothers Venture Capital Group led the investment round, along with major participation by New Enterprise Associates (NEA), Fortune Venture Investment Group, Windward Ventures, Economic Development Board of Singapore, SunAmerica, and Foxconn Optical Technology.

"This latest capital infusion again demonstrates the confidence of the financial community in E2O," observed H.C. Lee, President and CEO. "We are dedicated to bringing products to market that feature leading-edge technology, while simultaneously offering our customers the most competitive pricing available."

Lee further stated, "E2O will use the funds generated from this capital infusion to construct a state-of-the-art optoelectronics device fabrication facility near our headquarters in Camarillo, Calif. This new facility will produce a wide variety of long-wavelength optoelectronics devices, emitting at both 1310 and 1550 nanometers."

"As a result," Lee concluded, "this investment not only allows E2O to increase its production capacity, but also enables the company to broaden its potential customer base by expanding into the Metro, Access, and Wide Area Network communications market segments, where Single Mode Fiber Cable Plants dominate."

http://www.e2oinc.com

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