Cargill, Crosspoint Fund eCommerce Venture

Cargill, Crosspoint Fund eCommerce Venture

SAN FRANCISCO--New investors, including Cargill's eVentures division and Crosspoint Venture Partners, are fueling a $16.2 million Series B round of financing in ePropose Inc. ePropose will use the funds to aid in the growth of its B2B operating solution.

ePropose provides support for B2B markets, including transaction support, custom business processes and the raising of capital. "We see ePropose becoming a ubiquitous solution for a new generation of B2B e-commerce," said Jim Dorrian, partner in Crosspoint, "enabling the Fortune 1,000, net market makers and consortia to move beyond the rudimentary trading of MRO [maintenance, repair, operations] and other goods."

For more information, visitwww.cpvp.com, www.cargill.com,or www.epropose.com.