Karmic nets $17.2 mln Series B

San Francisco-based Karmic, a provider of payment and expense management solutions, has raised $17.2 million in Series B financing, according to a blog post. The investors included Alsop Louie Partners, Arbor Ventures, Greycroft, Marketplace Funds and Startup Capital Ventures. In addition to the funding, Wei Hopeman and Jim Whims have joined Karmic’s board of directors.