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SalvageSale.com gets $17 million

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Houston-SalvageSale.com has secured $17 million in VC financing from Merrill Lynch Ventures L.P., American Re-Insurance Co. and Securitas Ventures L.P. The funding will be used for general business purposes, according to a company statement. SalvageSale is an online exchange for the $50 billion salvage industry; most of its users are insurance companies and brokers.
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