Data Impact Nabs $5M

Huntington Beach-based Data Impact, a developer of software-as-a-service for electronic invoicing, announced this morning that it has raised $5M in a funding round. The round came from Zon Capital partners and other private investors. According to the firm, it will use the funding to fuel growth in its industry. In addition to the equity, the company also said it received a line of credit from Square One. Size of the line of credit was not announced. More information »