Monday, November 1, 2010

Vindicia Raises $20M

Belmont, California-based Vindicia, a developer of software-as-a-service tools user to manage subscription billing, said today that it has raised $20M in a Series E financing round. The round was led by FTV Capital, and also included Bertelsmann Digital Media Investments, DCM and ONSET Ventures. The firm said the funding will go towards expanding its sales, services, and marketing teams. As part of the funding, FTV's Eric Byunn has joined the company's board. The new funding brings the company's total raised to over $41M. More information »