B2G player Digital Commerce Corp., a developer
and provider of e-commerce solutions for the business-to-government market,
closed on $50.8 million in funding, bringing its total investment capital to
$78 million.
Investors in the Series D financing round include Weston Presidio Capital,
Highland Capital Partners, SAP Investments, Sentinel Capital Partners and RRE
Ventures.
The funds will be used to expand sales and marketing activities, to develop
enhancements to product offerings and for working capital, the company said.
“This round of financing will allow us to build brand awareness, accelerate
our marketing strategy and grow our business to the next level,” said Tony
Bansal, president and chief executive officer of Digital Commerce.
Digital Commerce operates a federal e-marketplace called FedCenter.com, an online buying utility
for the federal government with over 500 vendor relationships. Its StateGovCenter.com provides state
and local governments with electronic trading hubs linked to vendors and its
Marketlink service electronically automates the government request for quote
and request for proposal process.
Digital Commerce also operates MyGovClub.com, a personal resource for
government and military personnel and their families.