Lightwave attracts further financing

17 Jun 2002

Lightwave Microsystems, a supplier of integrated optical components of San Jose, CA, has secured USD 48 million in its fourth round of financing.

This money brings the company's total investment to date to USD 84 million, and will be spent on manufacturing expansion and the acceleration of new product development.

The investment was led by Chase H&Q, followed by Meritech Capital Ventures and the company's existing investors, including Bessemer Ventures, Draper Fisher Jurvetson, Information Technology Ventures, Morgenthaler Ventures, Oak Investment Partners, Weiss Peck & Greer Ventures, Worldview Technology, First Analysis of Chicago, and Comdisco.

SH