Cortera, a provider of business credit and sales information, has raised an undisclosed amount from venture capital (VC) firm TomorrowVentures, according to news provider VentureWire.
TomorrowVentures, Google chairman Eric Schmidt’s hybrid venture capital firm, lists Cortera as a portfolio company but the target has made no regulatory filing since changing its name from eCredit.
CIBC Capital Partners, the merchant banking division of Canadian Imperial Bank of Commerce set up in 1989, led Cortera’s previous round in April 2008 along with VC firms Fidelity Ventures (now called Volition Capital) and Battery Ventures.
Fidelity Ventures had acquired Cortera in 2006 and, with Battery Ventures, provided $11m in growth capital.