Corefino gets $13.6M in 1st funding round - Silicon Valley / San Jose Business Journal:

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million in a first round of Sunnyvale-based Corefino said the round was co-led by and , both locater in Menlo Park. The fundas will underwrite further developmentt and marketingof Corefino'z product suite. The company said it combines online financial softwar e with a team of accounting and financiakprofessionals "to give customerds the benefits of best practices without all the inherent software and operating costs of an in-housed accounting department.
" Carl Showalter of Opus Capitak said, "Corefino's decision to consolidate Web-based accountingg tools and human expertise into a single offering is an innovation that enables mid-sized companies to focus on running and buildingy their business instead of keeping the books. We believew this business model holdsa tremendous promise for its ability to leverage both technology and live professionap support from asinglee source." Both Showalter and Neal Dempsey of Bay Partners will also join the Corefinol board of directors.