DoveBid Inc., a leading global provider of capital asset auction, valuation and managed services, announced it has raised $22 million in new equity and debt capital.

Chairman and CEO of DoveBid, Ross Dove, announced, "We are very pleased to raise this new growth capital and we are extremely excited to join forces with our new finance partner, CapitalSource, to mutually leverage our expertise in financing and remarketing capital equipment."

DoveBid offers an array of auction services to meet its customers' specific needs, including live Webcast auctions, on-site-only auctions, featured online auctions and privately negotiated sales. DoveBid Managed Services offers clients a hosted, Internet-based application to monitor surplus assets inside the corporation. DoveBid Valuation Services uses its database of transaction information to provide valuations of capital assets for financial institutions and large businesses.

http://www.dovebid.com