Outright raises $5.5M to help small businesses with their finances

Outright, which offers a free online application to help small businesses manage their finances, has raised $5.5 million in a first round of institutional funding led by Sequoia Capital. The firms that invested in Outright’s seed round — First Round Capital, Shasta Ventures, and SoftTechVC — also participated. The Campbell, Calif., company has now raised a total of $7.5 million.