IT, deals, Software

Memento Secures $10M

Ryan McBride 11/5/08

Memento, a Concord, MA-based developer of fraud-detection software for banks and credit unions, has raised $10 million in its fourth round of venture capital, according to PE Hub. The company, which PE Hub reports had previously raised $12 million, received backing in the round from 406. Ventures, Bain Capital Ventures, and Rock Maple Ventures.

Ryan McBride is Xconomy's correspondent. You can reach him at rmcbride@xconomy.com, or follow him on Twitter at http://twitter.com/Ryan_McBride.