Apptio, a Bellevue, Washington-based provider of SaaS-delivered Technology Business Management solutions this morning announced that it has closed a $16.5 million Series C round - the company has now raised up to $37.5 million in venture capital.

The financing round, which the company says was oversubscribed, was led by Shasta Ventures, with participation from all current investors including Andreessen Horowitz, Greylock Partners and Madrona Venture Group..