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StarCite closes $10 million round

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. See complete list.

Dawn Kawamoto Former Staff writer, CNET News
Dawn Kawamoto covered enterprise security and financial news relating to technology for CNET News.
Dawn Kawamoto
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.

See complete list.