VantageILM Gets Investment

Pasadena-based VantageILM, which provides software for managing loan origination, servicing, collections, accounting, and other functions for finance firms, banks, leasing companies, and credit unions, said Wednesday that it has raised a round of venture capital from Momentum Venture Management. Financial terms of the investment were not disclosed. As part of the funding, Andy Wilson of Momentum Venture Management has been appointed interim CEO of the firm. VantageILM has previously raised funding from Giant Step Angel Network, the Pasadena Angels, and Stonnington Capital Partners. More information »