About Tropic Networks
Tropic Networks is a Telecommunications company based in Ottawa (Canada) founded in 2000, and was acquired by Alcatel-Lucent in April 2007. Regional and metro-area optical networking equipment is designed and marketed. It operates in the Telecommunications and Technology sectors. Tropic Networks has raised $96 million across 5 funding rounds from investors including SVB, J P Morgan and Alcatel-Lucent. The company was acqui-hired. Its focus areas include Telecom, Telecom Infrastructure Tech, Transport Network and Equipment.
Company details
Tropic Networks, Inc. designs, develops, and markets regional and metro-area optical networking equipment for telephony, data, and cable applications. The company offers Wavelength Tracker, an optical transport solution; Networks TRX-24000, a metro optical transport platform that delivers dense wavelength division multiplexing and optical add-drop multiplexing for a host of services in a package. The company offers metro-optimized network solution for carriers to plan, manage, and scale the MAN; and to address the need for bandwidth expansion, optical transport, wavelength identification, and wavelength management in regional and metropolitan-area optical networks. The company was acquired by Alcatel-Lucent in 2007.
- Headquarters Ottawa, Canada
- Stage Acquired
- SectorsTelecommunicationsTechnology
- Website tropicnetworks.com
- Social LinkedIn
- Acquired by Alcatel-Lucent (Apr 2007)
- Total Equity Funding$96M (USD)
in 5 rounds
- Latest Funding Round$15M (USD), Debt – Venture
Jun 2005
- InvestorsSVB
& 5 more
- Acquired byAlcatel-Lucent
(Apr 2007)
Funding Insights of Tropic Networks
Tropic Networks has successfully raised a total of $96M across 5 strategic funding rounds. The most recent funding activity was a Debt – Venture round of $15 million completed in June 2005. 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 $96M
- Total Rounds 5
- Last Round Debt – Venture — $15M
- First Round $10M
(Sep 2001)
- Investors Count 6
All 5 funding rounds of Tropic Networks 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 |
|---|---|---|---|---|---|
| Jun 2005 | $15M | Debt – Venture | – | – | |
| May 2005 | $33M | Series E | – | – | |
| Jul 2004 | $33M | Series D | – | – | |
| Feb 2003 | $20M | Series C | – | – | |
| Sep 2001 | $10M | Series B | – | – |
6 investors in total: 6 institutional.
Investors in Tropic Networks
Tropic Networks has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include SVB, J P Morgan and Alcatel-Lucent.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
| crossbridgevp.com | ||||
| crescendoventures.com | ||||
Provider of a venture capital firm that focuses on investing in early-stage technology startups | celtic.vc | Ottawa, Canada | ||
Banking services are provided to innovative companies, investors, and individuals. | 1983 | svb.com | Santa Clara, United States | |
Comprehensive financial services are provided to corporations and individuals. | 1799 | jpmorgan.com | New York, United States | |
IP networking, ultra-broadband access, and cloud solutions are provided. | 2006 | alcatel-lucent.com |
Investor details for Tropic Networks
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Timeline of Tropic Networks
4 dated milestones of Tropic Networks across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Tropic Networks is founded.
- Funding First funding round of $10.0M.
- Funding Latest funding round, Debt – Venture, of $15.0M.
- Exit Acquired by Alcatel-Lucent.
Web traffic of Tropic Networks
Websites that share an audience with Tropic Networks (tropicnetworks.com).
Websites whose visitors overlap most with Tropic Networks. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| youtube.com | 100% | 30.4B | #2 | View details |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Frequently Asked Questions about Tropic Networks
Tropic Networks was founded in 2000 and raised its 1st funding round 1 year after it was founded.
Tropic Networks is headquartered in Ottawa, Canada. It is registered at Ottawa, Ontario, Canada.
Tropic Networks is a funded company, having raised a total of $96M across 5 funding rounds to date. The company's 1st funding round was a Series B of $10M, raised on Sep 2001.
Tropic Networks, Inc. designs, develops, and markets regional and metro-area optical networking equipment for telephony, data, and cable applications. The company offers Wavelength Tracker, an optical transport solution; Networks TRX-24000, a metro optical transport platform that delivers dense wavelength division multiplexing and optical add-drop multiplexing for a host of services in a package. The company offers metro-optimized network solution for carriers to plan, manage, and scale the MAN; and to address the need for bandwidth expansion, optical transport, wavelength identification, and wavelength management in regional and metropolitan-area optical networks. The company was acquired by Alcatel-Lucent in 2007.
Tropic Networks has 6 investors. Key investors include SVB, J P Morgan, Alcatel-Lucent, CrossBridge Venture Partners, and Crescendo Ventures.
Yes. Tropic Networks was acquired by Alcatel-Lucent in April 2007.