Venda gets $20M

Online shopping software developer Venda has secured $20 million from an investor group led by Investor Growth Capital, the venture capital division of Swedish investment firm Investor, according to The Sunday Times. The deal values Venda at $100 million pre-money; ICGs Noah Walley and Phil Dur are joining Vendas board. Customers pay Venda a flat monthly fee to use its off-the-shelf shopping Web sites.