Nextance picks up $10.6 million

August 15, 20022:43 PM PDT

Enterprise software developer Nextance has raised $10.6 million in a third round of funding led by venture capital firm 21VC Partners. Also participating in the round were previous investors Onset Ventures and El Dorado Ventures.

Redwood City, Calif.-based Nextance, which has raised a total of $22.6 million, plans to use the money to increase sales and marketing efforts. Nextance's software applications help companies manage contracts and other business processes.