OneChip lands first financing deal of 2009

OneChip_Photonics-cropped.jpgOTTAWA – Just as the doomsayers are about to declare the capital’s economy moribund if not dead, a strong tech pulse is felt in Kanata where optical transceiver company OneChip Photonics hits the largest VC investment deal in the city since Q4 2008. The US$19.5 million in funding is also the first disclosed financing deal in 2009, and includes such Canadian and US backers as BDC Venture Capital, California-based DCM, GrowthWorks Canadian Fund and Morgenthaler Ventures. The deal is the largest seen in Ottawa’s tech sector since Kleer Semiconductor scored $28 million in series B funding early last year.

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