American City Business Journals-Backed ThePort Gets More Cash

ThePort

ThePort, a startup which helps media companies and non-profits add social networking features to their sites, has raised an additional $500,000 in funding. CEO Bob Cramer tells us that the cash, which comes from existing investors, is an add-on to the $4.1 million that the company raised in a second round led by American City Business Journals a year ago. He says that the company, which is not yet profitable, will bring in about $2 million in revenue this year and expects revenue to reach $5 million next year.

The new cash will be used to expand sales and marketing. Recent customer wins include several non-profits including the American Lung Association and a major, still-unnamed political party. TechCrunch first reported the funding.

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