Torrance, Calif.-based Agribuys, a supply chain software solution provider to the perishable food industry, has closed US$5m in Series "C" funding. "Our recent round of funding positions Agribuys to continue the expansion of its Collaborative Commerce Platform and to achieve profitability and positive cash flow in 2003," said Vijay Yajnik, CEO and president: "We plan to invest in increasing the capacity of our production and disaster recovery sites that will support the needs of Ahold US and the other premier grocery retailers we are working closely with.