Lavante, a San Jose, California-based provider of on-demand SIM (Supplier Information Management) and profit recovery solutions, raised $3.5m in funding.
The round was led by PointGuard Ventures, located in Menlo Park, CA, with participation from existing investors SAP Ventures and ATA Ventures.
The company intends to use the funds to invest in new products and accelerate customer acquisition.
Led by Joe Flynn, Founder and Chief Strategy Officer, Lavante provides on-demand supplier management solutions, including recovery audit and supplier information management applications. Built with patented-pending technology, the company’s solutions are deployed across Fortune 1000 enterprises including the hospitality, retail, entertainment, manufacturing and medical industries.