Metconnex Closes $7.5M Round

"Metconnex, a leader in the supply of wavelength selective switch (WSS) modules for use in reconfigurable optical add/drop multiplexers (ROADMs), today announced the closing of a CDN$7.5 million (US$5.8) equity and operating capital financing round. The investment will enable Metconnex to deepen its relationships with strategic suppliers and contract manufacturers, continue to grow its marketing and sales team, and further expand the company�s WSS portfolio. Participants in the round include the existing international syndicate: Skypoint Capital, Vesbridge Partners, Innovacom and BDC Venture Capital as well as a new member; Comerica. "

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