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Thursday, August 7, 2003
BondHub has raised $2.3 million in funds
BondHub Inc., an online bond trading system for independent financial advisers, has raised $2.3 million in financing.
The 4-year-old Seattle company, with 1,200 users and more than 6,000 bond offerings, will use the money to expand sales and marketing. It plans to add five employees to its staff of 15 by the end of the year, said Vice President of Technology Jeff Thiel.
"Ours is the story of weathering multiple storms," said Thiel, pointing to the dot-com bust, the Sept. 11th terrorist attacks and the war in Iraq. "Hopefully things are getting back to more of a normal environment." Total financing in the company, which has yet to turn a profit, is $6.5 million.
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