TimeBridge secures $5 Million in series B
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TimeBridge secures $5 Million in series B
San Francisco: TimeBridge, a company which claims to have created the first Personal Scheduling Assistant to give busy professionals a faster way to schedule their time, has closed a $5 million series B round of financing led by Mayfield Fund and Norwest Venture Partners. This round of funding comes after a year of significant user growth and ongoing expansion of capabilities and services that are focused on helping people simplify the process of coordinating and successfully executing business meetings. During the past year, TimeBridge has seen its user base increase tenfold from 30,000 to 350,000. Last year, TimeBridge introduced a number of tools to facilitate productivity and further simplify and improve the meeting process, including Free conference calling and an affordable Web conferencing service; TimeBridge Groups, which enables work teams to share their availability with each other as a group to further expedite scheduling; The Daily Brief, a log of the next day's appointments and activities sent to the user's inbox. "This financing from some of the industry's most respected investors is a testament to the importance of simplifying the meeting process and the great momentum and leadership we have established," said TimeBridge CEO Yori Nelken. "The rapid growth we have experienced over the last year shows that people are in desperate need of a solution to streamline the experience of working with others, from the very beginning, when they are just trying to find a time to meet, through collaborating during the meeting itself," Nelken added. "In this economy, everybody is looking for ways to streamline efficiency and costs, and TimeBridge has a very practical solution which enables users to do both," said David Ladd, Managing Director, Mayfield Fund. "Workers at companies of all sizes across all industries are being asked to do more with less. Using TimeBridge, they can save time by offloading their scheduling for free, and also take advantage of the affordable Web conferencing services and continue to collaborate and be productive, no matter where they are or whether they can afford to travel to meetings in other locations." TimeBridge's one-step scheduling is the most efficient way to schedule and conduct meetings with large groups or individuals across time zones, calendaring systems and companies, drastically reducing the traditional back and forth of scheduling. TimeBridge integrates directly with Outlook, Google Calendar and Apple iCal, and facilitates the easy scheduling of meetings with availability sharing, automated meeting negotiation, calendar updates, meeting notifications and reminders.

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