Business software company Provade raises $3.3 million

Provade offers web-based software to help businesses better manage goods and services procurements. Its software is based on Oracle’s software platform, and like many startups that make their money from serving Oracle’s clients, it is based in San Mateo, Calif., near Oracle headquarters.

It has raised $3.3 million in funding from Altos Ventures, one of its existing investors.

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