Monday, May 14, 2007

eProject Adds $12M in Series B Financing

Project and portfolio management software-as-a-service developer eProject announced Monday that it has concluded its Series B stage of venture financing after collecting $12 million. Bay Partners and Series A investor Kennet Partners led the effort. eProject last raised a round in July of last year. Bay Partners is an early stage venture capital firm located in California's Silicon Valley. Kennet Partners is a transatlantic venture capital firm that specializes in IT investments. Headquartered in Seattle, eProject provides project management software delivered as a service across the web. More information »