24 June, 2008 -- MergeOptics GmbH (search for MergeOptics) has raised €5.3 million ($8.5 million) in its fourth round of financing led by KTB along with existing investors Earlybird, Target Partners, and DVC.
Established in November 2000, MergeOptics has focuses on the fast-growing 10-Gbit/sec transmission module market. The company says it has shipped more than 75.000 modules to network equipment manufacturers worldwide.
The investment will be used to finance MergeOptics' growth, the market introduction of additional product lines for 40 and 100 Gbits/sec, and expansion into the US market. The company's recently opened a new office in Milpitas, CA.
"We are very pleased to have KTB added to our investor-base, with it's expertise in particular in late stage financing," said Dag Neumeuer, CEO of MergeOptics.
"MergeOptics is one of the most innovative companies in the field of fiber-optic components," offered Norbert Kopp, investment partner at KTB. "I believe that MergeOptics has the capability to become one of the leading providers of transmissions modules of 10 Gbits/sec to 100 Gbits/sec. These components will meet a strong demand from the fast-growing Internet TV activities. MergeOptics is an IPO candidate with an attractive fast-growing business with over 1000% increase in turn-over from 2005 to 2007. The purpose of this round of financing was to provide MergeOptics with funds needed to finance the ongoing growth and to prepare for a planned IPO. KTB will actively support the IPO."
According to Dr. Christian Nagel, managing partner, Earlybird, and chairman of the advisory board, "As early stage lead investor we are pleased to see that MergeOptics realizes the vision we had at our initial investment. We had great promise in the fiber optic communications sector and in the team to be able to establish MergeOptics to an emerging leader in this field."
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