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Article: Digital Harbor Secures $11 Million in Series B Financing; Financing From FTVentures and Insight Venture Partners Caps Year of 100 Percent Growth for Company.
- Article from:
- Business Wire
- Article date:
- July 29, 2005
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RESTON, Va. -- Digital Harbor, Inc., a leading provider of software for building and using composite applications, today announced the completion of an $11 million Series B round of financing led by FTVentures with participation from its existing investor, Insight Venture Partners. The investment caps a year of 100 percent growth for the innovative software company, which will use the funds to expand sales and marketing activities, particularly in the financial services industry.
"This financing will allow us to capitalize on the growing awareness of, and demand for, composition applications," said Rohit Agarwal, Digital Harbor's founder and CEO. "We are ...