Totango Finds $15.5M For Subscription Management

Palo Alto-based Totango, a developer of software tools to help subscription businesses analyze and manage their customer base, said Wednesday that it has raised $15.5M in a funding round. The Series B funding came from Canvas Venture Fund and InterWest Partners, and also included Pitango Venture Capital and Gemini Israel Ventures. Gary Little of Canvas and Doug Peper of InterWest joins the company's board as part of the funding. Totango's software is used by subscription businesses to reduce churn and to increase customer retention. More information »