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Cobalt gets $15 million from Warburg, others

Published on .

Seattle-The Cobalt Group Inc., an e-business automation company serving automotive dealers, received a venture capital investment of $15 million from Warburg Pincus Equity Partners L.P., First Analysis Venture Capital and Third Point Partners L.P. The company will use the money for new product development and investments in technology infrastructure, according to a statement. Last January, Cobalt announced plans to build a dealer-to-dealer e-hub.
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