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World Wide Packets Closes $15.7 Million

by Daniel Primack
January 9, 2004

World Wide Packets Inc., a Spokane, Wash.-based provider of Ethernet access networking solutions, has raised $15.7 million in third-round funding. New investors Madrona Venture Group and Northwest Venture Associates co-led the deal, and were joined by return backer Azure Capital Partners. World Wide Packets now has raised over $85 million in venture capital funding since its 1999 inception, including a $44 million Series A round at a post-money valuation of over $200 million, and a $26 million Series B round with a post-money valuation of approximately $65 million. Cascadia Capital represented World Wide Packets on the most recent round. www.wwp.com.