funding, VC, credit

Cortera Collects $8 Million

Wade Roush 4/30/08

Cortera, a Quincy, MA-based company that helps other companies research prospective customers and score their creditworthiness, said yesterday that it has raised $8 million in new funding from CIBC Capital Partners, with additional participation by Battery Ventures and majority stockholder Fidelity Ventures. The latter firm acquired the company (formerly known as eCredit) in 2006.

Wade Roush is Xconomy's chief correspondent. You can e-mail him at wroush@xconomy.com, call him at (617) 252-7323, or follow him on Twitter at http://twitter.com/wroush.