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NeoPhotonics Completes Funding Round

Photonics.com
Jun 2002
FREMONT, Calif., June 21 -- NeoPhotonics Corp. announced it has completed a funding round totalling $35 million. New equity investors CDP Capital-Technology Ventures (formerly CDP Sofinov), RockPort Capital Partners, Small-Technology Venture Capital (Harris & Harris Group) and Linkmore Capital joined existing investors Bay Partners, Venrock Associates, Institutional Venture Partners, SBV Venture Partners, Nth Power Technologies, Hydro Quebec CapiTech, Sands Brothers, Groupe Siparex, XR Ventures, Dow Corning Corp. and existing debt financier Dominion Ventures in completing the round, which was oversubscribed. In conjunction with this equity round, GE Capital Technology Finance is providing lease financing for business-critical assets.

Bob Williams, general partner at Bay Partners, said, "I am pleased to see NeoPhotonics' unique nano-based technology being commercialized in planar components. It will dramatically decrease the cost of integration and has tremendous additional applications as a broad-based platform in the optical components sector."

Williams and Yves Lamarre, a partner at CDP Capital-Technology Ventures, have joined NeoPhotonics' board of directors. NeoPhotonics develops and manufactures advanced planar optical devices by monolithically integrating active and passive optical materials using the company's proprietary nanomaterials-based process solutions.


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