Tech Industry

Finaplex nets $17.1 million

E-commerce software maker Finaplex announced the completion of its $17.1 million second round of funding led by new investor Menlo Ventures, along with Softbank Venture Capital and First Republic Bank, which invested in Finaplex's $5.6 million first round in November 2000. Finaplex makes software for banks and brokerage firms that help manage the assets and investments of wealthy individuals. The San Francisco-based company will use the funding for its marketing and product development plans and for continuing its support of existing customers.

E-commerce software maker Finaplex announced the completion of its $17.1 million second round of funding led by new investor Menlo Ventures, along with Softbank Venture Capital and First Republic Bank, which invested in Finaplex's $5.6 million first round in November 2000. Finaplex makes software for banks and brokerage firms that help manage the assets and investments of wealthy individuals. The San Francisco-based company will use the funding for its marketing and product development plans and for continuing its support of existing customers.