Passport Systems Books $7.4 Million

Wade Roush11/26/07

Passport Systems, the Acton, MA-based maker of cargo screening systems profiled here in September, has closed on about $7.4 million of an anticipated $10 million funding round led by angel investors and two local venture funds, according to company COO Bill McLendon. PE Week Wire first reported the milestone this morning.

Wade Roush is Xconomy's chief correspondent and editor of Xconomy San Francisco. You can subscribe to his Google Group or e-mail him at wroush@xconomy.com. Follow @