Redpoint Ventures and Vertex Ventures have funded the Bloomberg-backed software management tool developer's series B round.

LaunchDarkly, a US-based software management tool developer backed by media company Bloomberg, closed a $21m series B round on Monday.

The round included venture capital firm Redpoint Ventures and Vertex Ventures, the VC fund network overseen by the Singaporean government.

Founded in 2014, LaunchDarkly has created a feature management platform that helps developers build software more efficiently.

The platform includes tools that let developers and companies flag lines of code that control specific features which can then be turned on…