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Based in Rome, password manager service Passpack has announced new funding this week. The new funding adds 70,000 euros to their previous angel round of 350,000 euros raised in June 2008. Passpack is managed by co-founders Tara Kelly (U.S. citizen) and Francesco Sullo (Italian Citizen). The new funding is provided by Zernike Meta Ventures (ZMV).
The Passpack announcement about the funding goes into great detail about how the funds will be used. The list includes: continued product development, infrastructure, marketing, more content on their blog and some secret items which they won’t share at this time.
With all of the talk last week of busted Twitter passwords and the push for passwords that look like ‘dsdk2929!@#$a924′ , Passpack might be in a perfect position to capitalize on the current buzz.