About Altitun
Altitun is a Technology company based in Stockholm (Sweden) founded in 1997, and was acquired by Visma in December 2003. Tunable lasers are developed for fiber-optic telecommunications networks. Altitun has raised $10 million across 1 funding round from investors including Visma, Telia Company and Kennet Partners. The company was acqui-hired. Its focus areas include Semiconductors, Photonics, Quantum Optics and Lasers.
Company details
Altitun was founded in 1997 in Stockholm, Sweden, focusing on the telecommunications sector. Tunable lasers were developed by the company for fiber-optic and high-bandwidth networks, with an integrated electronics control package provided for management and integration. This technology was designed to support increased capacities in broadband networks. The company was acquired by ADC Solutions in 2000 and subsequently by Visma Software in 2003.
- Headquarters Stockholm, Sweden
- Stage Acquired
- SectorsTechnology
- Website altitun.com
- Acquired by Visma (Dec 2003)
Funding Insights of Altitun
Altitun has successfully raised a total of $10M through 1 strategic funding round. The most recent funding activity was a Series B round of $10 million completed in December 1999. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $10M
- Total Rounds 1
- Last Round Series B — $10M
- First Round $10M
(Dec 1999)
- Investors Count 3
All 1 funding rounds of Altitun with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 1999 | $10M | Series B | – | Kennet Partners, Vision Capital | – |
5 investors in total: 5 institutional.
Investors in Altitun
Altitun has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Visma, Telia Company and Kennet Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Tech and offline focused VC firm investing primarily in the US and Europe | 1997 | kennet.com | London, United Kingdom | |
An international investment group focused on sustainable value creation. | 1997 | visioncapital.com | London, United Kingdom | |
Integrated telecom and TV services are offered to Swedish customers. | 1853 | teliacompany.com | Solna, Sweden | |
Cloud-based ERP software is provided for business management across segments. | 1996 | visma.com | Oslo, Norway | |
ADC is engaged in providing telecommunications services globally. | 2010 | adctelecom.it | Milan, Italy |
Investor details for Altitun
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Timeline of Altitun
4 dated milestones of Altitun across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Altitun is founded.
- Funding First funding round of $10.0M.
- Exit Acquired by ADC Solutions.
- Exit Acquired by Visma.
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Frequently Asked Questions about Altitun
Altitun was founded in 1997 and raised its 1st funding round 2 years after it was founded.
Altitun is headquartered in Stockholm, Sweden.
Altitun is a funded company, having raised a total of $10M across 1 funding round to date. The company's 1st funding round was a Series B of $10M, raised on Dec 1999.
Altitun was founded in 1997 in Stockholm, Sweden, focusing on the telecommunications sector. Tunable lasers were developed by the company for fiber-optic and high-bandwidth networks, with an integrated electronics control package provided for management and integration. This technology was designed to support increased capacities in broadband networks. The company was acquired by ADC Solutions in 2000 and subsequently by Visma Software in 2003.
Altitun has 5 investors. Key investors include Visma, Telia Company, Kennet Partners, Vision Capital, and ADC - A Different Company.
Yes. Altitun was acquired by Visma in December 2003.