$15 million more

BTI Systems raises US$15 million, with a contribution from new investor Export Development Canada. The bandwidth-optimizing BTI%20Photonics.JPGsolutions maker will use the money raised in the round, its second this year, to further global expansion plans. In October, the company launched European headquarters in Belfast, Northern Ireland, just two months after opening its Shanghai subsidiary. “BTI exemplifies excellence in Canadian technology and innovation. With its cadre of international partners, we believe that BTI is poised to experience significant growth and success on the world stage,” says EDC vice-president Jennifer Brooy. “EDC is pleased to be partnering with the BTI team to facilitate their plans for further global expansion.” BTI raised $5.5 million last May in a venture debt financing round with Wellington Financial.

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