Lavante, a San Jose, California-based provider of on-demand recovery auditing and supplier information management solutions, has raised $8m in Series C round of funding.
The round was led by by SAP Ventures, a division of SAP AG, with participation from existing investors ATA Ventures and Venrock.
The new funding will enable Lavante to invest in new products, and accelerate customer acquisition. The company will continue to advance its on-demand supplier management solutions, including recovery auditing and supplier information management, while also expanding the Lavante Supplier Network™.
In conjunction with the funding, Andreas Weiskam, partner at SAP Ventures, joins Lavante’s board of directors.
Founded in 2001, the company serves Fortune 1000 enterprises including the hospitality, retail, entertainment, manufacturing and medical industries.