Monday, January 8, 2007

Ketera Raises $14M

Santa Clara-based Ketera has raised $14M in a new round of funding, the firm said this morning. The over-subscribed, mezzanine round of fudning was led by Duff Ackerman and Goodrich (DAG) Ventures, and also included Teachers' Private Capital, the investment arm of the Ontario Teachers' Pension Plan. Prior investors Concentric Equity Partners, Emergence Capital, Integral Capital, Foundation Capital Partners, and Kleiner, Perkins Caulfield and Byers (KPCB) also participated. Ketera provides SaaS, on-demand management software for spend management used by corporations. More information »