Flybridge Leads Convoke Round

7/26/10

Convoke Systems of San Francisco said today that it has closed a $5.5 million Series B venture financing round led by Boston-based Flybridge Capital Partners and boutique investment firm QED Investors. Convoke makes an online system that simplifies the process of registering and tracking consumer and commercial debt as it is sold, repackaged, and resold. Flybridge partners Jeff Bussgang and Matthew Witheiler have joined Convoke’s board, as has QED partner and former Capital One executive Frank Rotman. The company said it will use the financing “to fund new product development, sales and marketing, and market expansion.”

Wade Roush is a contributing editor at Xconomy. Follow @

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