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Blog, Startups - Written by Renai LeMay on Friday, November 23, 2012 12:19 - 2 Comments
Atmail picks up $2m from Starfish
blog Anyone who still thinks there aren’t sufficient funding options in Australia for startups had better take another look at that belief, because over the past year we’ve seen an absolute heap of decently sized early funding rounds for fast-growing local IT companies. Now there’s one more to be added to the list — email and collaboration company Atmail, which has picked up $2 million from Starfish Ventures. It’s a great time to be a doing a tech startup in Australia — the amounts which such startups are picking up from investors continue to grow larger, and the variety of funding sources also continues to grow. Nice work, Atmail. Now go forth and conquer. The media release:
20th November, 2012 – PEREGIAN BEACH, AUSTRALIA – Atmail, the Australian based enterprise email and web communication company, today announced it has secured $2.0M investment from Starfish Ventures to drive product development, expand the technical team, and increase its US, Asia and European focus.
Atmail’s proprietary email product is used by over 40 million paid mailboxes, and 4,500 customers worldwide, Globally, Atmail’s products are used by FedEx, GlaxoSmithKline, NASA and Virgin Atlantic in the US, Australian ISPs iiNet, Netspace, AAPT, Westnet, Transact, and Internode, and Malaysia’s Yes 4G network.
In October, Atmail successfully launched its Unified Communications Plus product on Yes 4G, allowing users to make and receive phone calls through a webmail like interface directly in the browser. Branded Yes Life for Web, the UC platform provides customers with a single phone number to be used across all devices, meaning incoming communications (voice, text, email) are synchronised and instantly responded to from any device (mobile phone, tablets, or any desktop computer with a connected web browser), freeing users from communication medium overload.
Ben Duncan, CEO and founder of Atmail said, “The funding from Starfish allows us to grow our team of talented developers which means bringing our ideas on messaging to market faster. While Atmail already has a great install-base in the US and Australia, we’ll increase our focus on the US, Europe and Asia, and rolling out our unified communication product to these regions. Having worked with many Aussie start-ups and taking them to the world stage, we see Starfish’s experience integral to helping us achieve this goal.”
With more UC rollouts coming and Atmail’s recent launch into the SaaS model with Atmail Cloud, the business is forging ahead with new opportunities as email options continue to evolve and the sector becomes increasingly competitive.
Anthony Glenning, Investor Director at Starfish Ventures, said: “ It’s pretty amazing when you look at what Atmail has accomplished. Ben’s taken it from a small startup in the Blue Mountains to a multi-million dollar company with a global presence. It’s well established, with consistent revenues, a stellar client base and an excellent attitude to continuous improvement. We’re looking forward to working with Ben and his team closely to develop and execute the company’s global growth.”
Atmail develops fixed and mobile email messaging and collaboration solutions. Products include: Atmail Cloud Services, Atmail Webmail, Atmail Email Server, Atmail Email Server Appliance. The company has more than 4,500 customers worldwide, including 1st tier ISPs, Telcos, global corporations and government agencies. For more information, visit www.atmail.com and www.atmailcloud.com.
About Starfish Ventures
Established in 2001, Starfish Ventures is an Australian venture capital fund manager partnering with high growth Australian technology companies with global potential. Starfish has over $400M in funds under management and has made investments in over 60 companies. For more information, visit www.starfishvc.com
Image credit: Atmail
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