Cortera, a Boca Raton, Fla.-based provider of business information, analytics and workflow solutions, raised $10m in Series B funding.
The round was led by Hearst’s Fitch Group Financial Venture Fund, with participation from existing investors Volition Capital, Battery Ventures, Allen & Company and Tomorrow Ventures. In conjunction with the funding, Shea Wallon, Fitch Group Financial Venture Fund’s managing director, will be joining Cortera’s board of directors as part of the investment.
Led by CEO Jim Swift, Cortera provides a commercial data analytics platform for customers to predict opportunity and risk from point of client acquisition through payment.
Through a contributory network of smarter business intelligence, the solution provides insights into the purchase and payment behavior of private and public companies. Leveraging behavioral modeling, predictive risk scores and proactive monitoring, companies are empowered with analytical insights quickly, no matter size or skill set.
The Cortera Credit Exchange, fueled by over $1.3 trillion in annual B2B transactions across more than 20 million U.S. business locations, delivers information on private companies with views into risk implications spanning 45 industry segments. Innovative features such as interactive infographics, self-service batch appends, robust APIs and real-time scorecard wizards present data-driven insights in intuitive formats.