The Deal
Sunday, July 5, 
12:46 am

Omidyar Network delivers $4M to GoodMail

  Share     E-Mail    Discussion    Print Story

E-mail certification service provider GoodMail Systems said Monday it has raised $4 million in funding from Omidyar Network.The deal comes as part of a $5 million second closing of the company's Series C funding round, which now totals $25 million.

The first closing was announced in November; the round is led by Bessemer Venture Partners, with participation from DCM, Emergence Capital Partners and Softbank Capital. Added to the $26.2 million the company raised previously in institutional and angel rounds, total funding for GoodMail now sits at $51.2 million.

The company said the funding would help it continue to build its core product, CertifiedEmail, which enables nonspam messages with multimedia and other active content to be delivered and opened securely.

The company's service that lets businesses certify their outgoing mail so that it is not automatically directed to spam or trash baskets. GoodMail has partnered with seven of the 10 biggest ISPs, which collectively ferry more than half of all the e-mail in the U.S. and Europe, the company said.

Omidyar Network founder Matt Halprin will join GoodMail's board as part of the funding. -- Olaf de Senerpont Domis


See Jan. 12 press release fromm GoodMail Systems
See November 2008 post on GoodMail's Series C from Tech Confidential


Continue reading below

Also on Dealscape





Post a comment




The Deal Pipeline

Deal Video


Inside The Deal: SecondMarket's Silbert on helping VCs achieve pre-IPO liquidity for their investments.


More video...

Crisis On Wall Street
Technology
Deals of The Decade

Community

Industry Insight

Potential FBAR filing changes

Offshore hedge funds and private equity funds may be 'financial accounts' for which investors must file FBAR.


Industry Insight

Finger on the pulse

Things PE investors should keep in mind to maintain the support and commitment from their lenders and limited partners.


Industry Insight

Closing the tough deal

Terms and structures now used to get deals done are post-closing purchase price payments, earnouts, simultaneous acquisitions, rollups, payments in kind and joint ventures.



©Copyright 2008, The Deal, LLC. All rights reserved. Please send all technical questions, comments or concerns to the Webmaster.