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
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
ProfitLine LinkedIn Company Profile
Social Media
ProfitLine Company Twitter Account
Company News
ProfitLine News
Facebook
ProfitLine on Facebook
YouTube
ProfitLine on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Bruce Schenck
  Bruce Schenck LinkedIn Profile  Bruce Schenck Twitter Account  Bruce Schenck News  Bruce Schenck on Facebook
Chief Operating Officer
David King
  David King LinkedIn Profile  David King Twitter Account  David King News  David King on Facebook
Chief Technical Officer
Eric Januszko
  Eric Januszko LinkedIn Profile  Eric Januszko Twitter Account  Eric Januszko News  Eric Januszko on Facebook
General Manager
Sheila Schmidt
  Sheila Schmidt LinkedIn Profile  Sheila Schmidt Twitter Account  Sheila Schmidt News  Sheila Schmidt on Facebook
VP - Marketing
Kathleen Glass
  Kathleen Glass LinkedIn Profile  Kathleen Glass Twitter Account  Kathleen Glass News  Kathleen Glass on Facebook


 

 

Browse more venture capital transactions:

Prev: 6/22/2005: Acura Pharmaceuticals venture capital transaction
Next: 6/24/2005: uShip venture capital transaction

 

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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.

 


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