Provade, Inc., a San Mateo, CA-based provider of Vendor Management System (VMS) technology for workforce spend management, has closed a $3m round of venture funding. The round was led by Asset Management Company, with participation from Altos Ventures and new investor Harbor Pacific Capital.
This funding, which bring the total amount raised by the company to date to over $23m, will be used to expand sales and marketing initiatives.
Provade’s Software as a Service (SaaS) solution helps businesses achieve efficiency and measurable savings in their staffing, statement of work (SOW) and services spend.
FinSMEs
03/08/2010