Zeugma Systems Inc. announces $22.5M Series B financing

December 13, 2007

1 Min Read

VANCOUVER -- Zeugma Systems Inc., a company developing a telecommunications system for next generation high speed broadband networks, today announced completion of its US$22.5 million Series B financing.

The financing was led by new investor Vertex Venture Capital. The syndicate members include returning investors Granite Ventures, Ventures West, Yaletown Venture Partners, GrowthWorks Capital Ltd. and BDC Venture Capital, as well as new investors GTD Capital and BC Advantage Funds.

"Zeugma is our first Canadian investment from our latest fund. We are excited about the opportunity as we strongly believe in the team, the technology and the market potential. We are confident that Zeugma's team of strong industry experts, with their proven experience in building successful companies, will create an industry leader. We plan to leverage our global relationships to help the company achieve its goals," said Rob Genieser of Vertex Venture Capital.

Zeugma Systems Inc.

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