Business software company Provade raises $3.3 million
Provade offers web-based software to help businesses better manage goods and services procurements. Its software is based on Oracle’s software platform, and like many startups that make their money from serving Oracle’s clients, it is based in San Mateo, Calif., near Oracle headquarters.
It has raised $3.3 million in funding from Altos Ventures, one of its existing investors.
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About the Author, Eric Eldon
Eric currently covers digital media technology and business news, especially what's happening on social networks and their platforms. He also writes and edits stories about venture capital, and lots of other stuff, too. He started at VentureBeat in the spring of 2007, half a year or so after Matt Marshall left his reporting job at the San Jose Mercury News to found the site. Eric previously cofounded a startup called Writewith, that was building editorial software for newspapers and other groups of writers. The startup didn't work out, but he learned a lot.