Agribuys raises $5 million

Supply-chain software maker Agribuys has raised $5 million in a third round of funding led by Rustic Canyon Ventures, the company announced Wednesday. Internet Capital Group also participated in the round. The Torrance, Calif.-based
Agribuys has raised a total of $38.5 million. Company President Vijay Yajnik said the money would be spent on marketing, increasing capacity for production, and on disaster recovery sites for customers.