Thursday, March 15, 2007

Capella Finds $20M In Debt, Equity

San Jose-based Capella said this morning that it has completed $20M in equity and debt financing. The funding round was co-led by Levensohn Venture Partners and Rustic Canyon Partners, and also included participation by Formative Ventures and existing investors. Kip Sheeline of Levensohn and Michael Kim from Rustic Canyon will join the company's board as part of the funding. The debt portion of the funding came from Square 1 Bank. Capella is a provider of optical wavelength switches used in reconfigurable add/drop multiplexers. More information »