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Workbrain closes $20 million round

Workbrain said Monday it closed a $20 million second round, with ABS Ventures serving as lead investor. ABS, along with new investor NB Capital Venture Partners, will receive seats on the board. Other investors include Accenture Technology Ventures and previous private investors. Workbrain, based in Burlington, Mass., has raised a total of $25 million with the latest round and received an increase in valuation, a representative said. Workbrain's employee-relationship management software handles such tasks as automatically routing employees' vacation or shift-change requests appropriately. See complete list.

Workbrain said Monday it closed a $20 million second round, with ABS Ventures serving as lead investor. ABS, along with new investor NB Capital Venture Partners, will receive seats on the board. Other investors include Accenture Technology Ventures and previous private investors. Workbrain, based in Burlington, Mass., has raised a total of $25 million with the latest round and received an increase in valuation, a representative said. Workbrain's employee-relationship management software handles such tasks as automatically routing employees' vacation or shift-change requests appropriately.

See complete list.