DispenseSource handed $6.25 million

DispenseSource announced Tuesday it raised a $6.25 million second round of funding, led by InnoCal Venture Capital. Other investors included Mission Ventures, Forrest, Binkley & Brown and Omnicell. The Rancho Santa Margarita, Calif.-based company has raised a total of $16.25 million. DispenseSource develops hardware and software for automated inventory management.