Ribbon Announces $52 Million Private Placement Financing Led By Neuberger Berman, Jpmorgan Chase & Co., And Swarth Investments Ltd.
Amount Raised
$52 Million
Round Type
Post-IPO Equity
PlanoHardwareVoipTelecommunicationsDescription
Ribbon Communications Inc. ("Ribbon") (Nasdaq: RBBN), a global provider of real time communications technology and IP optical networking solutions to many of the world's largest service providers, enterprises, and critical infrastructure operators to modernize and protect their networks, today announced that it has executed a securities purchase agreement to raise gross proceeds of approximately $52 million in a private placement financing of common stock. The private placement investors were led by Neuberger Berman client funds, and included Ribbon's two largest shareholders, JPMorgan Chase & Co. and Swarth Investments Ltd., and Heights Capital Management, Inc., among other investors.
Quick answer
Ribbon Communications raised $52 Million in a Post-IPO Equity round, dated August 15, 2022. Ribbon Communications is based in Plano, Texas, United States.
- How much did Ribbon Communications raise?
- Ribbon Communications raised $52 Million in a Post-IPO Equity round on August 15, 2022.
- What does Ribbon Communications do?
- Ribbon Communications (Nasdaq: RBBN) delivers secure cloud communications and IP and optical networking solutions to service providers, enterprises and critical infrastructure sectors globally.
- Where is Ribbon Communications based and how big is it?
- Ribbon Communications is based in Plano, Texas, United States. Fundz records about 4,035 employees.
- Who are the decision-makers at Ribbon Communications?
- Fundz holds 2 contacts at Ribbon Communications, including the VP R&D. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Hardware and Voip around the same time
Companies in the same sectors as Ribbon Communications that raised within 45 days of this round, from Fundz verified event records.
- Wytec International raised $125K on September 15, 2022.
- Wytec International raised $50K on July 26, 2022.
- Ramon.Space raised $20M on September 27, 2022.
- Arq raised $496K (Pre-Seed) on August 19, 2022.
- DriveNets raised $262M (Series C) on August 17, 2022.
- DNA X, Inc. raised $13M on July 13, 2022.
Who to call at Ribbon Communications, and when
A new round usually means Ribbon Communications is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Ribbon Communications raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Ribbon Communications, from your own LinkedIn network
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Related People
Ribbon Communications raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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