INTERFOLIO has raised a $12 million Series A round of funding, with Quad Venture Partners leading the round. Blu Venture Investors, Blackboard's founder Matthew Pittinsky, NextGen Angels, Middleland Capital and others also invested. Inter folio makes ByCommittee, a human resources platform for faculty in higher education. The Washington, DC-based company plans to use the funding to expand the range of its services. Steve Goldenberg founded Interfolio in 1999.