Deals

Zeugma Systems raises $22.5M for next-gen broadband

Zeugma Systems is a Vancouver, B.C. company that says it is developing a telecommunications network for next-generation high-speed broadband.

The company will use the most recent round of funding for its commercial launch, but has so far remained in stealth, and has not yet announced any specific products.

Zeugma System’s hefty second round of funding was led by Vertex Venture Capital. Return investors Granite Ventures, Ventures West, Yaletown Venture Partners, GrowthWorks Capital and BDC Venture Capital also participated, as well as GTD Capital and BC Advantage Funds. The first round of $15.75 million was led by Granite. Together, both rounds bring the company’s total to $38.25 million.