Instill said Wednesday that it received a $12 million sixth round of funding and that it acquired Global Food Exchange. Previous investors Altos Ventures, Applebee?s International, Charles River Ventures, JP Morgan Partners, Mayfield Fund, Octane Capital Management, Ohio Partners, Piper Jaffray and Procter & Gamble participated in this round. Redwood City, Calif.-based Instill has raised a total of $84 million for its software company. Instill?s technology, which targets the food industry, handles such tasks as procurement and data analysis. The Global Food Exchange acquisition is designed to strengthen its product offerings.
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