funding

“For this step, it was critical that we obtain not just funding, but expertise and relationships to help grow this business to the scale we envision,” said Christopher Stanchak, Founder and CEO of TicketLeap. “MentorTech, which backed successful firms such as NEAT Receipts, Yodle, and Diapers.com, is ideal for the national push, and Ben Franklin Technology Partners has simply the best resources in the Delaware Valley.”

StarCite Inc. said Tuesday it has secured $15 million in financing from its current investors, including Internet Capital Group Inc.

Philadelphia-based StarCite plans to use the money to continue expanding overseas and to continue boosting the technology behind its products. StarCite allows organizations to manage their meeting and event scheduling and procurement processes through its Web site.