Friday, October 6, 2006

Avolent Raises $9M

San Francisco-based Avolent has raised $9M in a funding round from RBC Technology Ventures, the firm said Thursday afternoon. Prior investors Columbia Capital, Constellation Ventures (Bear Stearns), and Rho Ventures also participated. Avolent develops self service, electronic billing and payment software. The firm said that the funding will be used to expand its footprint in Europe and Asia. More information »