Tech Company Financing Transactions
ProfitLine Funding Round
On 2/22/2007, ProfitLine announced $7 million in funding from FTV Capital and Menlo Ventures.
Transaction Overview
Company Name
Announced On
2/22/2007
Transaction Type
Venture Equity
Amount
$7,000,000
Round
Undisclosed
Investors
FTV Capital (Eric Byunn)
Menlo Ventures (Douglas Carlisle)
Proceeds Purpose
Proceeds from this financing will be invested in the next generation of ProfitLine's integrated source-to-pay offering for wireline and mobility telecom expense management.
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:
Prev: 2/22/2007: ONI Medical Systems venture capital transaction
Next: 2/23/2007: Chimerix venture capital transaction
Share this article
Where The Data Comes From
We do our best to report on every notable VC transaction. VC transactions reported here are sourced from news reports and company announcements. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs