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Tech Industry

Vocus closes $13.4 million round

Vocus said Tuesday it closed its $13.4 million second round of funding. The Lanham, Md.-based company has raised a total of $15.4 million and received nearly a 500 percent increase in valuation, CFO Stephen Vintz said. Lazard Technology Partners led the round and Sterling Venture Partners also participated, along with several previous investors. Vocus develops automation software for the public relations industry, which performs functions such as gathering articles from clipping services and storing them, to sending out copies of press releases in bulk e-mails. Public relations employees at Arthur Andersen, Southwest Airlines, Allstate Insurance and Nordstrom are among those using its software. See complete list.

Vocus said Tuesday it closed its $13.4 million second round of funding. The Lanham, Md.-based company has raised a total of $15.4 million and received nearly a 500 percent increase in valuation, CFO Stephen Vintz said. Lazard Technology Partners led the round and Sterling Venture Partners also participated, along with several previous investors. Vocus develops automation software for the public relations industry, which performs functions such as gathering articles from clipping services and storing them, to sending out copies of press releases in bulk e-mails. Public relations employees at Arthur Andersen, Southwest Airlines, Allstate Insurance and Nordstrom are among those using its software.

See complete list.