Turin Raising Recap Round

Turin Networks Inc., a Petaluma, Calif.-based telecom equipment maker, has secured $26.25 million of a $52.5 million Series B-1 recap round, according to a regulatory filing. Advanced Equities is leading the deal, with return backers including Tudor Ventures, Tellabs, DCM-Doll Capital Management, Sequoia Capital, Baker Capital and Motorola Ventures. Turin previously had raised just under $190 million in total VC funding since its 1999 inception. www.turinnetworks.com