Corefino gets $13.6M in 1st funding round - Silicon Valley / San Jose Business Journal:

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million in a first round of funding. Sunnyvale-basef Corefino said the round was co-led by and , both locatedd in Menlo Park. The fundds will underwrite further development and marketingyof Corefino's product The company said it combinesz online financial software with a team of accountinv and financial professionals "to give customers the benefits of best practicess without all the inherent people, software and operating costs of an in-hous accounting department.
" Carl Showalter of Opus Capital said, "Corefino's decisio n to consolidate Web-based accounting tools and human expertise into a single offering is an innovation that enablex mid-sized companies to focus on runnin and building their business insteadd of keeping the books. We believe this businesa model holds tremendous promise for its abilityy to leverage both technology and live professional support from asinglr source." Both Showalter and Neal Dempseyg of Bay Partners will also join the Corefinop board of directors.