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Captura raises $15 million in debt, equity

Captura announced Tuesday that it has raised $15 million in debt and equity financing. Previous investors such as the Sprout Group, Oak Investment Partners, Merrill Lynch, Westbridge and Voyager Capital contributed to the equity portion of the round while Captura arranged the debt financing through Silicon Valley Bank. The Kirkland, Wash.-based company said the recent funding will help bring its cash flow to positive levels later this year and will also allow it to market its products to small and medium-sized businesses. Captura provides Web-based expense management services to business customers that include General Motors, Ericsson and Aetna Life Insurance.

Captura announced Tuesday that it has raised $15 million in debt and equity financing. Previous investors such as the Sprout Group, Oak Investment Partners, Merrill Lynch, Westbridge and Voyager Capital contributed to the equity portion of the round while Captura arranged the debt financing through Silicon Valley Bank.

The Kirkland, Wash.-based company said the recent funding will help bring its cash flow to positive levels later this year and will also allow it to market its products to small and medium-sized businesses. Captura provides Web-based expense management services to business customers that include General Motors, Ericsson and Aetna Life Insurance.