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Anark completes second round of funding

April 15, 2002

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BOULDER, Colo. -- Integrated multimedia platform developer Anark Corp. has secured $2.3 million during a recently completed second round of equity funding. The company raised $5.8 million during the summer and early fall of last year.

Most of the capital raised during this round of financing came from Holden Capital, according to Anark officials. Holden Managing Director Michael Block has joined Anark's board of directors. Also joining the board are Elliott Bouillion and Steve Joanis, partners at Murphree Venture Partners and Wolf Ventures, respectively. Murphree and Wolf were both contributors during Anark's first round of financing.

Anark officials said the company's latest round of funding exceeded expectations. Anark plans to use this latest round of funding on marketing, sales, staff expansion, and product development.

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