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Venture Capital News: Outbox Secures $5M in Series A

2013-07-01
Startup that digitizes postal mail and then puts it online has raised $5 million in Series A funding led by Floodgate.
According to published reports, Outbox, a startup that digitizes postal mail and then puts it online has raised $5 million in Series A funding. The round was led by previous investor Floodgate and included investment from Founders Fund, Correlation Ventures, TDF Ventures, WTI, Expansion VC, and Peterson Ventures, as well as other angel investors.

Outbox picks up and digitizes your mail 3X a week so you can view, sort, and organize your mail from the convenience of your iPhone or iPad anytime, anywhere. Outbox ushers postal mail into the digital era by making it social, interactive and sharable through a suite of mobile and web applications. Outbox collects and manages postal mail on users' behalf, discarding junk mail and enabling them to take action -- such as organize, prioritize, or unsubscribe -- on any piece of mail.

Outbox was founded in 2011 in Austin, Texas by Harvard classmates Will Davis and Evan Baehr. Outbox is currently available in Austin and San Francisco.
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