- Steven Woda
Core Capital Leads $10 Million Financing for Covega Corporation
Core Capital Partners, one of buySAFE’s venture capital investors, is pretty active this quarter. It was announced last week that Core is leading a $10 million round of financing in Covega Corporation.
Covega is a telecommunications company born of the merger between Quantum Photonics and Codeon Corporation. The company develops components that make telecommunications signals faster and more efficient. Their technology gives telecom carriers a flexible way to control their bandwidth and transmit data, generating cost efficiencies and boosting performance.
In addition to Core Capital, Covega’s lead investors include Intersouth Partners and Optical Capital Group/HRLD. Siemens Venture Capital and Square One Bank also participated in the latest financing. Covega has raised $30 million since its inception.