FloBiz lands $10 million in funding led by Elevation Capital

FloBiz, a startup that helps digitise small and medium businesses, has raised $10 million in Series A funding led by Elevation Capital, along with participation from existing investors Greenoaks Capital and Beenext.

The company, which owns billing and accounting app myBillBook, said it will use the capital raised to expand its team for further product development and to accelerate its sales and marketing efforts.