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Northstar Photonics raises $11 million

Northstar Photonics announced Wednesday it raised $11 million toward its second round. Minneapolis-based Northstar Photonics expects to raise an additional $5 million in the near future toward its second round. St. Paul Venture Capital was the lead investor and other participants include previous investors CIT Venture Capital, InnoCal Venture Capital and two strategic partners. The photonics components manufacturer and supplier has raised a total of $21 million.

Northstar Photonics announced Wednesday it raised $11 million toward its second round. Minneapolis-based Northstar Photonics expects to raise an additional $5 million in the near future toward its second round. St. Paul Venture Capital was the lead investor and other participants include previous investors CIT Venture Capital, InnoCal Venture Capital and two strategic partners. The photonics components manufacturer and supplier has raised a total of $21 million.