Friday, February 22, 2008

Lumera Gets Equity Investment

Bothell, Washington-based Lumera Corporation, which develops electro-optic components for the communications industry, said Friday that it has entered into an equity financing deal worth $25M. The publicly held firm said that Kingsbridge Capital Limited has agreed to provide the firm with up to $25M over the next three years through purchase of new shares of Lumera common stock. The funding will go to fund corporate, research, and development activities.