Monday, July 13, 2009

Vindicia Raises $7.5M

Redwood City-based Vindicia, which develops software used for manage subscription billing, said is announcing this week that it has raised $7.5M in a Series D funding round. According to the firm, the round was led by ONSET Ventures, and also included Bertelsmann Digital Media Investments, DCM and Leader Ventures. David lane of ONSET and Keith Titan of BDMI join the board with the funding. Vindicia said it will use the new funding to hire new talent across the organization and expand its market presence. Vindicia competes against firms like Zuora, in providing software for managing recurring billing and ecommerce. More information »