2Bridge Software Inc, the San Francisco-based provider of browser-based, packaged e-business portal applications said Monday that it has closed a $20m third round of funding. Investors in the round include Goldman Sachs, Deutsche Alex Brown, Arbor Investors, New Enterprise Associates, SAP AG chief executive Hasso Plattner and a group of investors led by David Braunschvig, a managing director and internet investment banker at Lazard Freres & Co LLC.
Braunschvig says 2Bridge offers the most comprehensive corporate portal product in the marketplace and has demonstrated consistent quarterly growth. The private company says it saw a 50% sequential increase in second-quarter revenue and boasts that it has increased its customer base by more than 300% in the past six months. It lists Lucent Technologies Inc and DuPont Pharmaceuticals among its recent customer wins.
