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Short Take: Bidland.com brings in $15 million

Bidland.com, an application service provider (ASP) for auctions, completed its third round of venture funding, totaling $15 million. Investors Robertson Stephens' affiliates, T.I. Capital, XL Ventures and others brought the total funding to $22 million, to be used for business expansion. Bidland.com provides auction technology designed to be used by business-to-business portals, ASPs, Web hosting companies and consumer portals.

Bidland.com, an application service provider (ASP) for auctions, completed its third round of venture funding, totaling $15 million. Investors Robertson Stephens' affiliates, T.I. Capital, XL Ventures and others brought the total funding to $22 million, to be used for business expansion. Bidland.com provides auction technology designed to be used by business-to-business portals, ASPs, Web hosting companies and consumer portals.