Business Services Industry

Boulder, Colo.-Based Data Storage Startup Closes on $5.5 Million.

Knight Ridder/Tribune Business News, November, 2001

By Erika Stutzman, Daily Camera, Boulder, Colo. Knight Ridder/Tribune Business News

Nov. 13--Boulder-based storage company LeftHand Networks on Monday announced it closed on $5.5 million to add to its first round, bringing its total to $19.4 million this year.

And -- other area tech startups may want to stop reading now -- the firm wasn't even actively fund-raising.

"We actually weren't looking for money," said Dave DuPont, vice president of marketing and business development at LeftHand. "When we closed (on the initial funding) in June, there were a couple of investors who were still doing due diligence."

DuPont said those investors were still interested in investing. And because fund-raising is becoming increasingly difficult...

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