StarCite said Tuesday it closed a $10 million third round of funding. StarCite attracted investments from American Express, Breakaway Solutions, Maritz Travel, Starwood Hotels & Resorts Worldwide, Strattech Partners and VerticalNet. Previous investors Internet Capital Group, McGettigan Partners, Mellon Bank and Networld also contributed. The Philadelphia-based company has raised a total of $30 million, with the latest round receiving a decline in valuation, company spokesman Jim DeLorenzo said. StarCite's online business-to-business software and services allow corporations to purchase and manage products and services related to their company meetings and events.
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