Online payroll services provider PayCycle Inc. said that it has secured an $8.5 million round of funding from a consortium of venture capital firms and company chief executive Jim Heeger.
The recent cash infusion was led by DCM-Doll Capital Management, a VC firm specializing in technology companies, as well as previous PayCycle investors August Capital, Conning Capital Partners, Total Technology Ventures and Irwin Ventures.
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