Kansas City-based software company, RFP360, announced that it has secured second-round funding from Five Elms Capital. The investment will support the company’s growth as a leading provider of cloud-based RFP management solutions. Specifically, the company says they will focus on product development and marketing.

RFP360’s unique, full-circle approach to RFP management addresses the needs of both buyers who issue RFPs and questionnaires as well as suppliers who respond to them. The additional funding follows Five Elms Capital’s initial investment made last year and brings the firm’s total investment to $12 million.