Tech Company Financing Transactions
ProfitLine Funding Round
On 6/23/2005, ProfitLine announced $15 million in Series B funding from FTV Capital and Menlo Ventures.
Transaction Overview
Company Name
Announced On
6/23/2005
Transaction Type
Venture Equity
Amount
$15,000,000
Round
Series B
Investors
FTV Capital (Lead Investor) (Mark Lotke)
Menlo Ventures (Douglas Carlisle)
Proceeds Purpose
Financing will be used to further accelerate ProfitLine's growth, including funding the company's infrastructure, sales and marketing, and 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
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