Tuesday, December 16, 2008

Aravo Gets $7M

San Francisco-based software-as-a-service provider Aravo Solutions said Tuesday that it has raised $7M in a Series D funding round. According to the firm, the funding was led by Charles Schwab/Big Sky Partners, and also included individuals Stephen Friedman (Goldman Sachs), Tony Mayer (JP Morgan Capital) and other senior partners and executives from Goldman Sachs and Morgan Stanley. The firm said the funding will go towards sales, engineering, and opening up new offices in both the US and India. Aravo develops software used for managing suppliers and supply chains. More information »