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Convoke Clears Series B VC Financing

Tuesday, July 27, 2010 5:57:00 AM PDT | VentureDeal Staff

San Francisco, California  --  Software development company Convoke Systems has secured $5.5 million in its second round of institutional venture capital investment.

Convoke says that it is "dedicated to bridging the information flow issues plaguing the original credit card issuers and the accounts receivable management industry."

Flybridge Capital Partners and QED Investors co-led the round. The company said it would use the funding proceeds to fund its new product development and market expansion initiatives.

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