Factory Funding

IT Factory raises next round of funding

CAMBRIDGE, MA -- December 20, 2000 -- VENTUREWIRE -- IT Factory, an international supplier of collaborative Internet business services, landed $4.3 million of funding. Danish venture capital firm BankInvest was the sole investor.

The company plans to use the funding to further develop its Lotus-based technologies and develop new technologies for Microsoft's exchange platform.  Initial funding came from 2M Invest, Gilde, and Den Danske Bank.