May 17, 2013
Maynard Firm Announces $20M In Financing
Maynard-based Acacia Communications, which makes optical and electrical technology for data transmission, said it has closed a $20-million round of financing from four investors.
The lead investor in the group is Summit Partners. The others are Matrix Partners, Commonwealth Capital Ventures and Egan Managed Capital, all of whom are current investors in Acacia, the company said. All four companies are based in Boston. Summit Partners will also join the company’s board of directors.
Acacia said it will use the money to execute its long-term growth strategy as it expands into several markets and develops or acquires new technologies.
Acacia was founded in 2009 and is located in Maynard's Clock Tower Place.
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