USA, Calix raises $100 Million in New Financing
Published On August 31, 2009 |
Calix, the largest communications equipment supplier focused solely on access solutions for broadband service delivery, raised $100m in financing.
This financing consists of $50m in equity raised from existing Calix investors and $50m in debt financing established with Silicon Valley Bank.
Petaluma, CA.-based Calix will use the proceeds to continue its growth and expansion as well as to capitalize on the growth opportunities afforded by the $7.2bn U.S Broadband Stimulus program.
To assist the company in the next step of its life, three new directors were added to the Calix’s board. They are Michael Marks of Riverwood Capital, Adam Grosser of Foundation Capital, and Robert Finzi of Sprout Group.