BridgePort Networks is expected to announce the closing of Series B financing on Monday of next week if all rings true as they have raised $25 million in new capital. New investors include TD Capital Ventures, which led the round, and BCE Capital (an affiliate of Bell Canada Enterprises), joined existing investors Polaris Venture Partners and General Catalyst Partners, who also participated in
this round.
Bridgeport which bridges wireless and VoIP networks so they can work together in landing Bell Canada shows they are making major inroads by getting carriers interested in their product offerings, which are software based.