Thursday, August 2, 2007

Aravo Solutions Lands $10M

San Francisco-based Aravo Solutions said yesterday that it has raised $10M in a Series C round of funding. Aravo is a developer of software used to manage supplier information in ERP and other products. Funding came from the Charles Schwab Family/Big Sky Partners, a syndicate of partners and directors from Goldman Sachs and Morgan Stanley, as well as a number of angel investors. Those angels include Art Samberg of Pequot Capital, Peggy Taylor formerly of PeopleSoft, Tony Mayer formerly of JP Morgan Capital, Stephen Friedman formerly of Goldman Sachs, and Soren Kenner of LundKenner A/S. Aravo said it has now raised $22M, mostly from individual investors. More information »