NASHUA, N.H.-Spike Broadband Systems Inc. said it received $47 million in financing, led by Canada-based CDP Sofinov. Other investors include CDP Capital Communications, Sandler Capital Management Inc., Cabletron Systems Inc., Ironside Ventures L.L.C., HLM Management Co., US Bancorp Piper Jaffray, Dain Rauscher Venture Partners, Wheatley Partners, The Rosewood Corp., Agilent Technologies Inc., Signal Equity Partners and Commonwealth Capital Ventures.
Spike will use the financing to increase its sales activities and scale its production and distribution capacity, the company said.
