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InfoNow Raises $5M

Denver-based InfoNow, a developer of software-as-a-service for managing sales channels, announced today that the firm has raised $5M in a Series B financing round. According to InfoNow, the funding round was led by Vedanta Capital, and also included prior investors Sequel Venture Partners and Sevin Rosen Funds. InfoNow's product is used for managing channel sales, including channel incentives, pricing, and other aspects of a company's sales channel. Michael Patterson of Vedanta Capital joins the firm's board along with the funding.