Irvine-based RiverOne Inc., a maker of supply chain management software, raised $6 million in venture funds, the company said Monday.
Exisiting investors Rustic Canyon Partners and Baker Capital both kicked in money, the company said. RiverOne plans to use the money for sales and marketing work.
“The commitment and support of our investors has been a key to our success,” said Chris Smith, chief executive of RiverOne. “They supported our decision to complete our solution and implement it at lead customers before broadening our sales and marketing efforts. We believe their renewed investment as we enter our next growth phase sends a powerful message to the marketplace.”
RiverOne formed from a combination of supply chain software makers Need2Buy and Efinity in 2001.
