BTI Photonic Raises $12 Million

BTI Photonic Systems, an Ottawa�based provider of microWDM networking solutions for the delivery of gigabit services, has raised US$12 million in Series D funding. The round was led by an undisclosed, U.S.-based private equity firm. Return backers included Vengrowth Private Equity Partners, BDC Venture Capital, GrowthWorks Capital, Kodiak Venture Partners, Primaxis Technology Ventures and Lucent Venture Partners. www.btiphotonics.com