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VC watch: Accruent seals $10 million

The contract management software maker gets $10 million...Kadiri has a $7.5 million fourth round...Encover nabs $6 million.

Which companies will be the trendsetters of the future? The following list is the latest news from start-ups here and abroad that have received venture funding.

Has your company just completed a round of financing or received other venture capital support? E-mail the editors at CNET

Recent Deals

• Software maker Accruent has raised a $10 million second round of funding, led by Sierra Ventures. Constellation Real Technologies, Peninsula Equity Partners, Stanford University and previous investors, Innocal Venture Capital, Red Rock Ventures and Pequot Venture Partners, also contributed to the round. The Santa Monica, Calif.-based company has raised a total of $20 million. Accruent develops software for managing contracts, allowing customers to view all their commitments across their respective company.

• Kadiri has raised a $7.5 million fourth round of funding, led by Voyager Capital. Previous investors Onset Ventures, Wheatley Partners and Towers Perrin contributed to the latest round. The Burlingame, Calif.-based company has raised a total of $24.5 million. Kadiri develops compensation management applications for corporations.

• Encover has received a $6 million first round of funding. Investors include Sigma Partners, Imlay Investments, former Cisco Chief Information Officer Pete Solvik and former OnDisplay CEO Mark Pine. Mountain View, Calif.-based Encover develops software that allows employees to collaborate and to mine information in their databases.