Tech Company Financing Transactions
ProfitLine Funding Round
ProfitLine, based in San Diego, secured $17 million in funding from Menlo Ventures.
Transaction Overview
Company Name
Announced On
2/22/2005
Transaction Type
Venture Equity
Amount
$17,000,000
Round
Series A
Investors
Menlo Ventures (Douglas Carlisle)
Proceeds Purpose
The funding will be used to expand the company's sales and marketing, enhance ProfitLine's proprietary Web application, MyTelcoManager, and for targeted acquisitions.
Company Information
Company Status
Acquired or Merged
Industry
Software
Mailing Address
9920 Pacific Heights Blvd. 200
San Diego, CA 92121
USA
San Diego, CA 92121
USA
Phone
Website
Email Address
Overview
ProfitLine is the premier provider of telecom expense management services for Fortune 1000 companies. The company's outsourced solution streamlines and manages the entire telecom lifecycle process for both wireline and wireless.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Bruce Schenck
Chief Operating Officer
David King
Chief Technical Officer
Eric Januszko
General Manager
Sheila Schmidt
VP - Marketing
Kathleen Glass
Browse more venture capital transactions:
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Next: 2/22/2005: ChoiceStream venture capital transaction
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