Wednesday, September 27, 2006

Auctionpay Raises $5.5M In Series B Funding

Portland, Oregon-based Auctionpay has raised $5.5M in a Series B funding round, the firm said Tuesday afternoon. The firm said that the round included participation by Maveron LLC and Appian Ventures. Auctionpay develops fundraising software for the nonprofit community. The new funding will be used for the firm's sales and marketing, along with furthering its new product roadmap. The firm also said it appointed Steve Sterba as president and CEO of the firm. Auctionpay founder Jeff Jetton has become Chief Strategy Officer. More information »