Avangate Raises $5.5 Million, Helps Software Makers Sell Products Online

Avangate , an Amsterdam, The Netherlands-based company that enables software makers to sell their products online as well as to manage a solid distribution network, has raised €4 million euros (roughly $5.5 million) in funding. Eastern European venture capitalist 3TS Capital Partners has acquired a minority stake in Avangate, out of what it is informally known as the 3TS Cisco Growth Fund. Founded in 2005, Avangate offers a combination of an eCommerce platform, a partner management system and a worldwide affiliate network.