Kintera Closes Private Placement

San Diego-based Kintera said today that it has closed a private common stock financing for the firm, worth $13.5M. The funding came from undisclosed institutional investors, and included 4.5M shares of common stock at a price of $3.00 per share. Kintera is listed on the NASDAQ as KNTA. The company provides online services for nonprofit organizations, including online giving, community services, and more.