Infotrieve, Inc. Secures $21.8 Million in Funding

Jan 20, 2004

Infotrieve, Inc., a provider of outsourced document delivery and information services to corporations, academic institutions, and individuals, announced the completion of a $21.8 million round of financing. Leading the round of financing was new investor Trident Capital with a $12 million investment. Signal Equity Partners, who led the Series A round of financing, again participated in the Series B round with an investment of $5.3 million. New investor, Boston Millennia Partners, participated in the round contributing $4 million, along with other existing company shareholders. Wes Crews, Infotrieve's President and CEO, stated that the funding will be used for both acquisitions and next generation product development.