Friday, December 14, 2007

Zeugma Systems Adds $22.5M

Vancouver, B.C.-based Zeugma Systems said Thursday that it has raised $22.5M in a Series B funding. According to Zeugma, the funding round was led by Vertex Venture Capital and also included Granite Ventures, Ventures West, Yaletown Venture Partners, GrowthWorks Capital Ltd., BDC Venture Capital, GTD Capital, and BC Advantage Funds. Zeugma is a developer of telecommunications systems for high speed, broadband networks. Zeugma said the new funding will be used to launch the company's products and services and to ramp the company's revenues. More information »