Kymata Ltd. (Livingston, Scotland) announced the close of another round of investment. The company's core business is the design and manufacture of advanced, planar, integrated optical components and subsystems for the telecom and datacom industry. Kymata recently closed a $67 million round of additional funding, which includes asset financing and additional equity funding. This brings total funding to more than $162 million over the last two years, one of the largest financings for a private company in the optical-components area to date.
European Venture Partners led Kymata's asset financing round, with syndicate members including GATX European Technology Ventures and RBS Mezzanine Limited (a Royal Bank of Scotland group company). The new investors in the equity-fund-raising round include Chase H&Q, Comdisco Ventures, FNI Venture Capital, RBS Mezzanine Limited, and William Jones & Associates. They now join the prestigious group of Kymata's original investors: 3i Group, ACT Venture Capital, Bowman Capital, BT, ComVentures, Kleiner Perkins Caufield & Byers, Telesoft Partners, the University of Glasgow, and the University of Southampton, which contributed in earlier rounds.