ANN ARBOR – Plymouth Management Co. announced Monday its third investment from Plymouth Venture Partners Fund II in Lynx Network Group of Kalamazoo, which is building a 1000 mile fiber optic network to connect businesses to underserved areas throughout Michigan. Terms were not announced.
Lynx is a full service telecommunications company specializing in advancing high-speed next generation infrastructure in tier 2 and tier 3 markets where traditional infrastructure is not capable of meeting demand. Funding for this fiber optic network project will help Lynx Network Group to attract and retain jobs for Michigan-based businesses that require advanced, high-speed communications to remain competitive.
The company is currently constructing 1,000 miles of fiber optic network infrastructure throughout Michigan to connect businesses, organizations and wireless service providers that demand resilient and ultrafast infrastructure. The fiber optic network project will connect communities throughout the Michigan?s Lower Peninsula. Among the cities slated to be part of the fiber optic network are Monroe, Adrian, Hillsdale, Coldwater, Three Rivers, Benton Harbor, South Haven, Zeeland, Grand Haven, Muskegon, Ludington, Manistee, Beulah, Traverse City, Kalkaska, Charlevoix, Petoskey, Mackinaw City, Gaylord, Grayling, Houghton Lake, Clare, Mt. Pleasant, Midland, Bay City, and Oscoda.
Currently under way, Lynx Network Group estimates that more than half of the project will be complete by year-end, and the full network will be operational in 2012.
Plymouth Venture Partners II L.P. is a follow-on fund to Plymouth Venture Partners Fund I. Plymouth Venture Partners I became fully invested in 2009 after completing investments in 29 companies. Plymouth Venture Partners II invests in early expansion stage companies in the Great Lakes region.
Plymouth Ventures II is actively looking for great early expansion-stage companies in this region. For more information, click on PlymouthVC.Com
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