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InnoCentive Raises Second Venture Investment

Thursday, May 8, 2008 5:58:00 AM PDT | VentureDeal Staff

WALTHAM, MA -- Internet company InnoCentive has raised $6.5 million in series B venture capital according to a report in PE Hub.

InnoCentive operates a database that aims to connect companies, academic institutions and non-profit organizations in order to solve problems or challenges posed by the participants.

Spencer Trask Group led the round, which included Lilly Ventures and the Omidyar Network. Proceeds purposes from the funding were not disclosed.

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