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Venture Capital News: PowerInbox Merges and Raises $10M Series A

2012-11-28
CAMBRIDGE, MA, Email platform company, which offers interactive email apps for consumers and marketers, has merged with ActivePath and raised a $10 million Series A round.
According to published reports, PowerInbox, an email platform company which offers interactive email apps for consumers and marketers, has raised a $10 million Series A round jointly led by Atlas Venture, Longworth Partners and Battery Ventures, following the company's merger with NYC-based ActivePath. Also participating in the new round were Genesis, Gimv and Correlation Ventures.

PowerInbox develops an open app platform for email. Powerinbox's service, which has been made available to the public today, enables users to run apps from inside their email messages. PowerInbox works on Gmail, Hotmail, and Yahoo Mail with Outlook coming soon. The company's open app platform makes developers create apps that run on all email using HTML5.
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