Tuesday, October 5, 2010

Kyriba Raises $10.6M

San Diego-based Kyriba, a provider of software-as-a-service used for cash management by companies, said today that it has raised $10.6M in a new financing round. The funding came from Iris Capital, along with prior investor BRED Banque Populaire. According to Kyriba, the new funding will go towards growth in both the U.S. and Europe. As part of the funding, the firm has added Curt Gunsenheimer, Partner at Iris Capital, to its board of directors. Kyriba has also previously raised funding from GRP Partners, Coface, and others. More information »