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Black Duck Quacks To $12M

2011-10-12
Black Duck Software is aprovider of strategy, products, and services for enabling enterprise scale adoption of open source software. Black Duck has unnamed 13 backers in the offering.
WALTHAM, MA, According to SEC filings, Black Duck Software has taken in $12 million in a new funding round.

The equity round in Waltham-based Black Duck has 13 backers, according to the filing. Investors in the offering are not named, but listed as related persons are Jim Matheson from Flagship Ventures, Larry Bohn of General Catalyst Partners, Andy Flaster of Volition Capital and Black Duck founder and former CEO Doug Levin, all members of the board.

Black Duck Software is the leading global provider of strategy, products, and services for enabling enterprise scale adoption of open source software (OSS). We believe the future of software development relies on the effective and informed use of open source software. We're dedicated to helping our customers increase their use of OSS, while simultaneously strengthening and collaborating with the greater OSS community.

Founded in 2002, Black Duck has approximately 80 percent market share, a fast-growing customer base including some of the largest companies in the world and approximately 40 percent annualized sales growth for the past three years.

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