EDocs gets $40M from Charter Growth, Aurora, others

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Natick, Mass.--EDocs Inc. has received a $40 million VC investment from Charter Growth Capital, Aurora Technology Funds, Armada Venture Group and others. The company, which develops and markets online account management and billing platforms, has now taken in a total of $80 million in the last 36 months. Competition in its space is becoming fierce as all manner of e-hubs are seeking to add e-billing mechanisms.
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