A provider of electronic bill presentment and payment software, edocs Inc., has secured $18.6 million in a second round of financing.
The financing brings edocs' total funding to $22 million. The investors included Comdisco, Goldman, Sachs & Co., and JAFCO America Ventures. Also participating were first-round investors Charles River Ventures and Sigma Partners.
The investment will let the company broaden its research and development initiatives and step up its sales and marketing, said Kevin Laracey, edocs president and chief executive officer.
Founded in 1997, edocs sells software to companies for sending bills over the Internet. The company's flagship product is BillDirect.