Remend Gets $4.2 Million in New Financing

Remend, a San Mateo, Calif.-based provider of default management software tools, has raised an additional $4.2 million in Series A financing that the company plans to use to accelerate market expansion and the continued development of Remend Manager, its principal software product.The new offering complements a $6.3 million Series A offering that closed in April of 2005, completing the Series A financing for a total of $10.5 million. The lead investors were ONSET Ventures and ArrowPath Venture Partners. Remend's products are designed to integrate borrowers, servicers, lenders, real estate agents and investors into a common online workspace.