Description:
Black Duck Software, a Waltham, Mass.-based provider of services for managing software intellectual property (IP), yesterday closed a $5 million round of Series A funding co-led by two Cambridge, Mass.-based investment firms: venture capital firm Flagship Ventures and private equity firm General Catalyst Partners.
Proceeds from the financing will be used to hire key personnel, as well as to promote Black Duck's protexIP(SM) line of services, which was launched in May. Both Roger Heinen, managing director of Flagship Ventures, and Larry Bohn, managing director, General Catalyst Partners, have joined Black Duck's Board of Directors.
For more information about Flagship Ventures, visit http://www.flagshipventures.com
Click here for more information about General Catalyst:
http://www.generalcatalyst.com/
To read more about Black Duck Software, click here: http://www.blackducksoftware.com/
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