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Bart Decrem, a Mozilla alumnus has just nailed funding for his start-up, Round Two. The company got off the ground in April 2005. The funding has come from Bessemer Ventures. It is a small round – said to be in the $0.75-to-$1.5 million range. The company is building a new Firefox browser with special focus on security initially and other add-ons later. More details later. Back in the day, Decrem co-founded Eazel, an open source start-up that was creating a UI for Linux.
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At least now someone knows what the business model will be, since Round Two are surely quiet on the ways they intend to make money.