Earth Class Mail raises $13 million

28 01 2008

Earth Class Mail raises $13 million

Posted by: in Raising Money

Wednesday, when I checked my mail box, I had to throw most of the stuff away. Essentially, the task is really about weeding out lots of junk mail.

Well, Earth Class Mail thinks it has a superior way. In fact, the company raised $13.3 million this week from investors including Ignition Partners and the Keiretsu Forum.

Basically, the service grants for online delivery of regular postal mail - for consumers and businesses. Yes, it’s a cool “clicks and bricks” business model, and I think it could see lots of traction (I would like to use the service, actually).

Earth Class Mail has assembled an impressive team, with operators from Microsoft (NASDAQ: MSFT) and Starbucks (NASDAQ: SBUX). Although, I think that Kenn Dahl, who is a board member, will be key. After all, he’s the president of Prime Recognition, which develops sophisticated optical character recognition software.

Interestingly enough, there is also a cleantech angle. That’s, Earth Class Mail will recycle your mail.

And, based on the mail I get, I think I could save a few trees.

Finally, if you want to check out other interesting venture capital deals, check out DealProfiles.com.

Tom Taulli is the author of various books, including The Complete M&A Handbook and The Edgar Online Guide to Decoding Financial Statements.