GRAND RAPIDS — Enterprise software developer Blue Medora LLC has raised another $8 million in capital that will support continued growth.
Chicago-based venture capital firm First Analysis led the Series B round, which included prior Blue Medora investors Wakestream Venture LLC in Grand Rapids, St. Louis, Mo.-based Lewis and Clark Ventures and eLab Ventures.
With the investment, First Analysis received a seat on the Blue Medora board.
“The closing of the Series B1 is another sign that the industry continues to recognize our unique capability to deliver enterprise-class integration in new ways that the market demands,” Blue Medora CEO Nathan Owen said in a statement.
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