Tuesday, May 27, 2008

Kyriba Raises $7M

San Diego-based Kyriba Corporation, a provider of software for managing bank balances and cash for multi-national corporations, said today that it has raised $7M from Coface and its existing investors, GRP and BRED Banque Populaire. The firm said the new funding will be used to finance its growth, particularly in North America, Europe, and the Pacific. Coface also adds a representative to Kyriba's board of directors. Kyriba's software-as-a-service is used for cash management. The firm has previously raised $24.4M in two rounds; the additional capital brings the firm's total raised to $31.4M. More information »