Saguna Networks Ltd. announced that it has received $3 million in funding from Xenia Venture Capital Ltd, ADVA Optical Networking SE, 2B Angeles, and other investors.
November 04, 2012 at 12:00 am EDT
Saguna Networks Ltd. announced that it has received $3,000,000 in its second round of funding led by new investor, ADVA Optical Networking SE on November 4, 2012. The transaction also saw participation from new investor 2B Angels and existing investor Xenia Venture Capital Ltd, which invested $300,000 in the transaction and now holds 14.76%, stake in the company. ADVA Optical Networking SE invested $1,000,000 and acquired 10% stake in the company. The active Chairman of the company, Amos Talmor also participated in this round. The company has raised $6,500,000 till date.
On November 4, 2012, Saguna Networks Ltd. closed the transaction.