K2, a startup that provides business application platforms and solutions, has raised over $100 million in a Series C round of funding from private equity firm Francisco Partners. Jefferies is serving as exclusive financial advisor to K2 in connection with the transaction. Sheppard Mullin Richter & Hampton is serving as legal advisor.

17hats, a company that provides business management software for small businesses, has raised a $1.25 million seed round led by Wavemaker Partners. Eric Manlunas, managing partner of Wavemaker Partners is joining the 17hats board.