NanoOpto closes $7 million B round

Sept. 8, 2003 — NanoOpto Corp. announced closing on $7 million in Series B financing, according to a news release.

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The round comes from existing investors Morgenthaler Ventures, Bessemer Venture Partners, Draper Fisher Jurvetson (DFJ) Gotham Ventures, DFJ New England Ventures, U.S. Trust’s Excelsior Venture Partners III, and Harris & Harris Group. DFJ Gotham’s Chip Meakem and DFJ New England’s Todd Hixon will join NanoOpto’s board of directors.

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Somerset, N.J.-based NanoOpto, which builds optical subcomponents using nanofabrication technology, said the round brings its total financing raised to $27 million and will enable the company to continue commercialization efforts and advance into the revenue stage, the release said.

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