Document management company SpringCM raises $10M
DocExchange, a document management startup that does business under the name SpringCM, has raised $10 million in a second round of funding. It’s also opened a $4 million credit facility with Comerica Bank.
North Bridge Venture Partners led the round, and previous investor Foundation Capital also participated.
The San Mateo, Calif.-based startup has plenty of competitors, including EMC Corp., Oracle Corp. and Alfresco Corp., but chief executive Dan Carmel told VentureWire that SpringCM offers the product with the most complete features.
The company previously raised $10 million in 2006.
Next Story: Life-science briefing: Thursday, April 10, 2008
Previous Story: IBM acquires FilesX for reported $70-90M
About the Author, Anthony Ha
Anthony is VentureBeat's assistant editor, as well as its reporter on enterprise technology, cloud computing, and tech policy. Before joining VentureBeat in 2008, Anthony worked at the Hollister Free Lance, where he won awards from the California Newspaper Publishers Association for breaking news coverage and writing. He attended Stanford University and now lives in San Francisco. Reach him at anthony@venturebeat.com. You can also follow Anthony on Twitter.