$9 Million in Series C takes Zeugma to $50 Million

Posted by Rob Lewis

Vancouver's Zeugma Systems announced this morning that it has closed approximately $9 Million as a part of its Series C funding round. This round brings total funding to date to $50 Million. Investors include Granite Ventures, Ventures West, Vertex Venture Capital, GrowthWorks Capital Ltd., Yaletown Venture Partners, BC Advantage Funds, and GTD Capital. Zeugma will use the funding for global expansion of its customer-facing sales and support activities as well as for continued R&D.

According to Zeugma CEO Andrew Harries in the accompanying press release, “a significant opportunity is emerging for systems that allow broadband service providers to monetize and meter the traffic — especially streaming internet video — already traversing their networks. The rapid acceptance we’ve received is clear validation of the ability of Zeugma’s technology and products to deliver this capability while also performing essential broadband aggregation and subscriber management functions. Zeugma’s innovative technology, coupled with partnerships with internet video players, application developers, and other vendors, are causing BSPs to rethink edge network architectures.”

Company:
Yaletown Venture Partners
Website:
http://www.yaletown.com
Location:
Vancouver, British Columbia, Canada

Based in Vancouver, British Columbia, Yaletown Venture Partners is a venture capital firm that invests time and money in seed and early-stage technology and clean-tech companies. Yaletown focuses on Western Canadas vibrant Energy Technology and Information Technology and Clean-tech clusters. Yaletown is backed by some of Canadas largest pension funds and financial institutions, all of which have a long-term... more

Company:
GrowthWorks Capital
Website:
http://www.growthworks.ca/vc/
Location:
Vancouver, British Columbia, Canada

GrowthWorks is a recognized leader in the Canadian venture capital industry, specializing in the management and growth of regionally based venture capital funds. GrowthWorks has combined assets under management of more than $800 million. Rolf Dekleer joined GrowthWorks in 2000, bringing eighteen years of operating experience in the technology sector with Cymbolic Sciences, MacDonald Dettwiler, Agilent... more

Company:
Ventures West
Website:
http://www.ventureswest.com
Location:
Vancouver, British Columbia, Canada

Ventures West is one of Canada's largest privately owned venture capital companies. In addition to providing capital, we contribute a wealth of resources to each investment. With 13 professional technology investment managers, and one of the largest Entrepreneur-In-Residence programs in Canada, the Ventures West team has over 140 years of technology venture investing and hands-on operating experience. Ventures... more

Company:
Zeugma Systems
Website:
http://www.zeugmasystems.com
Location:
Richmond, British Columbia, Canada

Zeugma Systems is a privately held telecommunications equipment supplier delivering open solutions that accelerate new service deployment for broadband service providers of all types. The Zeugma Services Node, a service delivery router (SDR), uniquely combines massive compute resources with next-generation capacity, service awareness, and subscriber management in a carrier-grade, fully redundant system. The result... more

Company:
Granite Ventures
Website:
http://www.granitevc.com/
Location:
San Francisco, California, United States

Granite Ventures has been helping early-stage technology companies build solid foundations for success since 1992. We focus our investments on two sectors where our partners have deep domain expertise, broad industry knowledge, and significant investment experience: Communications and Components and Software. Granite has managed over $1 billion in venture capital and has invested in more than 90 private... more


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Rob Lewis

Rob Lewis

Rob is the President of Techvibes Media and Editor-in-Chief of Techvibes.com.  His diverse background includes stints in International Trade Finance, Web Development, and Enterprise Software and he is a graduate of the University of British Columbia, British Columbia Institute of Technology, and Simon Fraser University. When not running Canada's leading technology media property, Rob can be... more




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