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Adaytum gets $11.1 million in funding

Adaytum said Monday that it secured $11.1 million in a round of funding. The round was led by Cargill, a new investor, and existing investors such as St. Paul Venture Capital, Accenture Technology Ventures, 3i Group, J.P. Morgan H&Q and Dorsey & Whitney Ventures also participated. The Minneapolis-based company makes financial planning software. Adaytum, founded in 1990, closed a $7.4 million venture capital round in June 2001, a $6.1 million round in December 1999 and put together a $5.1 million financing deal in January 1999. Adaytum also secured $24 million in a "cash and services" investment from Accenture Technology Ventures in September 2000, and $10 million from American Express in October 2000. The company generated $51.6 million in revenue in 2001 and lists Lucent Technologies, Target, Best Buy and Pfizer as customers.

Adaytum said Monday that it secured $11.1 million in a round of funding. The round was led by Cargill, a new investor, and existing investors such as St. Paul Venture Capital, Accenture Technology Ventures, 3i Group, J.P. Morgan H&Q and Dorsey & Whitney Ventures also participated. The Minneapolis-based company makes financial planning software.

Adaytum, founded in 1990, closed a $7.4 million venture capital round in June 2001, a $6.1 million round in December 1999 and put together a $5.1 million financing deal in January 1999. Adaytum also secured $24 million in a "cash and services" investment from Accenture Technology Ventures in September 2000, and $10 million from American Express in October 2000. The company generated $51.6 million in revenue in 2001 and lists Lucent Technologies, Target, Best Buy and Pfizer as customers.