seems to have found favor with investors. The provider of a B2B electronic marketplace for commercial property owners just completed its second round of funding for $40 million.

The Series B financing follows on the heels of the company’s September 2000 first round for $25 million. First Union Capital Partners of Charlotte topped off the $40 million goal with a $5 million investment.

Series B also included an increased amount of $10 million from a previous investor, Austin Ventures, an Austin TX-based venture capital firm. The initial round of financing for came from Constellation Real Technologies, a consortium of large U.S. real estate companies. plans to use the second-round monies to expand its online marketplace offerings and to add consulting and operating personnel, according to the company.

It is also expanding its board of directors from three members to six, including one board seat for First Union Capital Partners and two for Constellation Technologies. That brings the number of outside directors to four.

Founded two years ago, currently has more than 2,500 users at 600 locations in 43 states, representing 110 million sf of commercial space.

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