DadeSystems, a Miami-based provider of account receivable automation solutions, raised $2 million in funding to accelerate its growth from Miami early-stage venture firm Ocean Azul Partners.
The funding will be used to accelerate engineering and product enhancement efforts as well as expand the sales team, digital marketing and client services, according to the announcement.
“We’re pleased with the progress of DadeSystems and excited about the product suite, relationships and potential for growth,” said Bill Pruitt, managing director of Ocean Azul Partners, in a statement. “We look for capital efficient companies developing new markets using differentiation and providing value to create a defendable market position and grow rapidly. DadeSystems is aligned with our investment strategy.”