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Thursday, June 23, 2005
ProfitLine Raises $15M
San Diego-based ProfitLine, a provider of telecom expense management services, said today that it has closed a $15M round of Series B funding. Funding came from FTVentures and existing investor Menlo Ventures. The company said that the funding brings the total venture funding in the firm to $32M. The company will use the proceed to enable its recent acquisition of FedCel, a mobile outsourcer. Eric S. Byunn of FTVentures has joined the company's board.
posted on Thursday, June 23, 2005 (Link to more information)
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