[Techtaffy Newsdesk]

KnowledgeTree, a  provider of cloud-based solutions, has closed a $4.75 million Series B round of venture capital investment. This round includes River Cities Capital Funds, Core Capital Partners, Hatteras Funds and lead Series A investor Hasso Plattner Ventures Africa.

In addition to the funding, KnowledgeTree will gain two additional members to its board of directors. Edward McCarthy, Raleigh-based managing director of River Cities Capital Funds, and Will Dunbar, managing director of Core Capital Partners, will join the board.