Xponent Photonics receives $23 million in series 3 funding

April 3, 2007
April 3, 2007, Monrovia, CA--Xponent Photonics, a manufacturer of surface-mount photonic components, secured $23 million in Series 3 funding. The funding round was led by American River Ventures, which is making its first investment in the company. Xponent's existing investors including Arcturus Capital, Eastward Capital, El Dorado Ventures, HOYA Holdings, Samsung, US Venture Partners, and Walden International also participated in the funding.

April 3, 2007, Monrovia, CA--Xponent Photonics, a manufacturer of surface-mount photonic components, secured $23 million in Series 3 funding. The funding round was led by American River Ventures, which is making its first investment in the company. Xponent's existing investors including Arcturus Capital, Eastward Capital, El Dorado Ventures, HOYA Holdings, Samsung, US Venture Partners, and Walden International also participated in the funding.

"This new round of financing will allow us to accelerate the market penetration of surface-mount photonics beyond the FTTx market. Xponent is already sampling low-cost, high-performance optical components to datacom, CATV and consumer markets," said Jeffrey S. Rittichier, Xponent's president and CEO.

"The communications industry has been trying to build optical components like semiconductors for the past 20 years with little success until Xponent's revolutionary surface-mount photonic platform was introduced," said Dr. Barbara Grant, Partner, American River Ventures. "The most exciting development at Xponent isn't just their groundbreaking technology; it is that they've successfully transferred the technology into volume production at merchant silicon foundries and conventional IC packaging operations."

For more information, visit www.xponentinc.com.

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