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May 14, 2007

eProject raises $12 million

Posted by Tricia Duryee at 11:00 AM

Seattle-based eProject, which develops collaborative project software, said today that it raised $12 million in a second round of venture financing.

The round was led by Bay Partners and included previous investor Kennet Partners.

The company said it has more than 100,000 users at 650 companies relying on its software every day, and is adding new customers at a rapid rate.

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Tricia Duryee
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