Novitas Capital, Fujikura Limited, NTT Electronics Corporation (NEL), MMV Investment Partners and individual investors participated in the equity financing.
PRINCTON, N.J.--(BUSINESS WIRE)--Battelle Ventures has co-led with Technology Venture Partners a $5.5-million Series D equity round of financing for Nistica, Inc., a leading supplier of agile optical networking modules.
“It will accelerate Nistica’s introduction of new solutions that enable the creation of colorless, directionless networks unconstrained by grids”
Novitas Capital, Fujikura Limited, NTT Electronics Corporation (NEL), MMV Investment Partners and individual investors participated in the equity financing. MMV Financial provided an additional $3 million of debt financing.
“This financing round positions the company to scale without financial constraints,” said Ralph Taylor-Smith, general partner of Battelle Ventures, which led Nistica’s Series B round two years ago with the fund’s Tennessee-based affiliate, Innovation Valley Partners.
“It will accelerate Nistica’s introduction of new solutions that enable the creation of colorless, directionless networks unconstrained by grids,” continued Taylor-Smith, who is based in Battelle Ventures’ Crystal City office, in Arlington, Va.
Taylor-Smith noted that the company, which has delivered thousands of its Telcordia-certified FULL FLEDGE series of wavelength selective switches to multiple customers, is now gearing up to expand capacity and introduce a portfolio of new products aimed at simplifying optical networks.
Note: Battelle Ventures and Innovation Valley Partners are registered trademarks of BVP Partners, LLC. The names of other organizations, companies, products or services mentioned herein may be the trademarks of their respective owners.
