California software as a service company Provade Inc., which has a product development office in downtown Milwaukee, said Tuesday it raised $3 million in new funding.
San Mateo, Calif.-based Provade focuses on vendor management system technology for global work force spend management. The financing round was led by Palo Alto, Calif.-based Asset Management Company. Also participating were Menlo Park, Calif.-based Altos Ventures and Harbor Pacific Capital, also of Palo Alto. With the latest funding, total venture investment in the company now exceeds $23 million.
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