ClearCommerce raises $9.5 million in a fourth round of funding

ClearCommerce Corp. of Austin, TX, a provider of transaction processing and fraud protection software for e-commerce, has secured $9.5 million in Series D funding, the company announced today.

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Existing investors include Austin Ventures, New Enterprise Associates, Voyager Capital, Financial Technology Ventures, Hewlett-Packard, Intel Capital, and Internet Capital Group. All of its existing investors contributed to the round, as did VeriSign, provider of Internet trust services.

This round brings ClearCommerce`s total funding to $54.5 million. With more than 40,000 merchants worldwide using its software, ClearCommerce says it is on track to reach profitability soon. "Recognizing that the current funding environment is challenging, having all of our existing investors make follow-on investments is a significant win for ClearCommerce," said Robert J. Lynch, president and chief executive officer of ClearCommerce.

"Through our involvement with ClearCommerce over the past several years, we have seen first-hand how attractive their business model is to online merchants and the financial community," said Joe Aragona of Austin Ventures. "Enterprise merchants want to own their software which is why ClearCommerce is succeeding."