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eProject Adds $12 Million Expansion Round

Tuesday, May 15, 2007 5:00:00 AM PDT | VentureDeal Staff

SEATTLE, WA -- On-demand software company eProject announced the completion of its second round of financing from two venture capital firms.

eProject provides companies with on-demand project management software applications and claims to have over 100,000 users at 650 companies.  The company is also enabling users to create "on-the-fly" applications for their own special purposes.

Bay Partners led the round and previous investor Kennet Partners also invested.  The company intends to use the financing proceeds to fund sales and marketing expansion.

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