Wavesmith Networks
2000
FOUNDED
M&A
STATUS
M&A
LATEST DEAL TYPE
$190M
LATEST DEAL AMOUNT
Description
Developer of multiservice edge switches. The company provides multiservice switching that enables RBOCs, ILECs, and IXCs to build out their existing Layer 2 infrastructures and map those services onto an ATM or MPLS oriented core network as their needs evolve.
Website
Ownership Status
Acquired/Merged
Financing Status
Formerly VC-backed
Primary Industry
Connectivity Products
Other Industries
Electronic Equipment and Instruments
Acquirer
Primary Office
- 35 Nagog Park
- Acton, MA 01720
- United States
+1 (978) 000-0000
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Wavesmith Networks Valuation and Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 5. Merger/Acquisition | 16-Jun-2003 | $190M | 000.00 | 00000 | Completed | Generating Revenue |
| 4. Later Stage VC (Series C) | 21-Oct-2002 | 000.00 | 000.00 | 000.00 | Completed | Generating Revenue |
| 3. Early Stage VC (Series B) | 25-Jun-2001 | 000.00 | 000.00 | 000.00 | Completed | Product Development |
| 2. Debt - General | 08-Jan-2001 | $12M | $23.5M | Completed | ||
| 1. Early Stage VC (Series A) | 15-Aug-2000 | $11.5M | $11.5M | 000.00 | Completed | Product Development |
Wavesmith Networks Cap Table
| Stock | # of Shares Authorized |
Par Value | Dividend Rate ($) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price |
% Owned |
|---|---|---|---|---|---|---|---|---|
| Series C | 000,000,000 | 00.000000 | 00.00 | 00.0 | 00.00 | 00 | 00.0 | 00.000 |
| Series B1 | 0,000,000 | 00.000000 | 00.00 | 00.0 | 00.0 | 00 | 00.00 | |
| Series B | 00,000,000 | 00.000000 | 00.00 | 00.0 | 00.0 | 00 | 00.0 | 00.000 |
| Series A1 | 9,200,000 | $0.010000 | $0.1 | $1.25 | $1.25 | 1x | $0.36 | |
| Series A | 9,200,000 | $0.010000 | $0.1 | $1.25 | $1.25 | 1x | $0.62 | 9.93% |
Wavesmith Networks Former Investors (7)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds | Board Seat |
Contact Info |
|---|---|---|---|---|---|---|
| Argonaut Private Equity | PE/Buyout | Minority | 000 0000 | 000000 0 | ||
| Atlas Venture | Venture Capital | Minority | 000 0000 | 000000 0 | ||
| Bessemer Venture Partners | Venture Capital | Minority | 000 0000 | 000000 0 | ||
| Commonwealth Capital Ventures | Venture Capital | Minority | 000 0000 | 000000 0 | ||
| Mistral Venture Partners | Venture Capital | Minority | 000 0000 | 000000 0 |