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Bill.com Raises $8.5 Million E-mail
Written by The Progressive Accountant   
Wednesday, 16 June 2010 13:44

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bill.com logoPALO ALTO, Calif. - Bill.com, which makes Internet-based bill-payment products, has raised $8.5 million in venture capital, bringing the total amount it has raised to more than $25 million. The company said the additional funds will be used to continue its growth in providing applications and services to CPAs and small businesses.

The new round was led by Jafco Ventures. Also participating were DCM, Emergence Capital and August Capital, which had provided funds in earlier rounds. Nick Sturiale, general partner at Jafco Ventures, has joined the Bill.com board of directors. The company had raised $8.5 million in the last round, which was announced in August. It offered no specifics about how the funds in the latest round would be used.

Last month Bill.com announced that its application has been added to the Google Apps Marketplace, so users can access Bill.com directly from Google Apps.


The Progressive Accountant
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