Aravo raises $19M for supplier info tracking

Aravo Solutions, provider of software that helps companies manage their supply chains and corporate risk and responsibility, has raised $19 million of a targeted $22.1 million fourth round of preferred stock, according to a filing with the SEC. Based in San Francisco, the company is backed by Big Sky Partners and individual investors Tony Mayer and Stephen Friedman. It raised $7 million last December.

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Camille was the lead writer for GreenBeat until August 2010. To reach VentureBeat's current writers, email tips@venturebeat.com.

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