Alongside PayPal in the B round were venture capital firms Core Capital Partners and RRE Ventures and angel investor David Frankel, who seeded Olo and is now managing partner at Founder Collective.

Kaizen, a private equity fund focused on the education sector led the B round.

American Express-backed Radius Intelligence, a US provider of a data technology company platform for B2B marketers to find customers, raised $13m in a series B funding. American Express is an existing investor in the company. The company has raised $28.2m to date.

Peter Bisgaard, partner with Novo Ventures, joined the board of Ceterix, which was founded in October 2010 as SuturePro Technologies based on the inventions of Justin Saliman.

DCM invests on behalf of Japan-based games company Gree in it's $100m A-Fund and sold develop Pokelabo to this limited partner for $175m last year.

CBC Capital was founded in 2006 and its limited partners include media groups CNC Group and News Corp, phone operator PCCW, advertising services company WPP, Citic Capital, Cheung Kong, and angels.

BillFloat previously raised $4.5m in it's A round in July 2010 from a consortium including PayPal.

Alongside Brocade were venture capital firms HighBar Partners, which led the syndicate, DFJ and Epic Ventures.