|
||
|
Venture capital firms and funds in Europe 128 Venture Capital Group 3i Venture Capital Accuitive Medical Acer Venture Capital Act Venture Capital Ltd Adelaide Venture Capital Email ADS Ventures Boston Advantages Of Venture Capital Advent Venture Capital Agio Capital Alabama Venture Capital Alaska Venture Capital All Stages Venture Capital American Venture Capital Analysis Venture Capital Analyze Venture Capital Angel Capital Appraisal Venture Capital Arch Venture Capital Argentina Venture Capital Arizona Venture Capital Arkansas Venture Capital Arrowpath Venture Capital Assess Venture Capital Assessment Venture Capital Atlas Venture Capital ATV Venture Capital Aurora Fund Australia Venture Capital Austria Venture Capital Automotive Venture Capital AZ Venture Capital VCgate More Venture Capital Terms and Topics
-
Avolent Receives $9 Million Equity-Financing Round
October 9th, 2006 No comments
Leader in Interactive Self-service Electronic Billing and Payment Expands to Meet Growing Market Opportunity
Avolent, Inc., the leader in Interactive Self-Service Electronic Billing and Payment software solutions recently announced the closing of a $9 million equity-financing round led by RBC Technology Ventures.
“Interactive, self-service electronic billing and payment addresses one of the greatest opportunities to reshape a fundamental customer interaction, turning the invoice-to-pay process into a valuable customer asset,” said Doug Roberts, Chief Executive Officer of Avolent. “We are pleased to have a high caliber investor like RBC join our existing investors to help ensure that Avolent continues to dominate this growing market.”
With this round of funding, Avolent will expand its footprint in Europe and Asia, investing in partner relationships worldwide and further develop its sales and marketing initiatives to address the escalating demand for eBilling and ePayment among global enterprise organizations.
As the venture arm of one of the world’s leading banks, RBC Technology Ventures recognizes the importance of the invoice-to-cash process for eBusiness. “There is substantial opportunity to streamline the billing and payment portion of a customer’s experience with any company,” said Robert Antoniades, Managing Director of RBC Technology Ventures Inc. “Avolent is well positioned to pursue these opportunities and capitalize on the rising demand for this service.”
This round also includes strong participation from Avolent’s previous investors including Columbia Capital, Constellation Ventures (Bear Stearns), and Rho Ventures, who continue to show their commitment as Avolent invests further in its industry leading product for interactive, self-service electronic billing and payment.
Avolent continues to make sizeable inroads into new and existing markets with momentum fueled by its close relationships with partners and with the recent addition of its Standard Edition and software-as-a-service (SaaS) solutions for mid-size enterprises and divisions of larger organizations. AVOLENT Standard Edition packages key interactive self-service eBilling functionality into a simple to deploy, cost-effective package.
Leave a reply
Latest Headlines:
Friday August 31, 2012
Zscaler Secures $38 Million Investment Round
Wednesday November 30, 2011
Health Care Solutions companies Infinity Pharmaceutics, NanoVobronix and Selventa raise funds.
Monday November 21, 2011
Panda Power opens $420 Million Fund for Solar and Natural Gas Projects
Thursday November 17, 2011
Better Place raises $200 Million for Electric Cars in the Series C of Funding
Wednesday November 16, 2011
Accel Partners raise $100 Million Big Data Fund to Invest in Hadoop, NoSQL and other Companies
Tuesday November 15, 2011
Skimlinks raises $4.5 Million to help Bloggers Increase their Gains
Monday November 14, 2011
Standing Cloud raises $3 Million to help New Cloud Providers grow Faster
Thursday November 10, 2011
Zillow acquires Diverse Solutions for $7.8 to help Real Estate Agents increase their Visibility