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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)

    Related companies:
    ProfitLine

    Related stories:
    > ProfitLine Raises $7M
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    > ProfitLine Hires Sales VP
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    > ProfitLine Appoints VP
    > ProfitLine Promotes VP

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