PostPath Raises $15M Series C

PostPath announced that it has closed its Series C funding round, bringing its total funding to date to approximately $30 million

January 18, 2007

1 Min Read
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MOUNTAIN VIEW, Calif. -- PostPath, creator of the first Linux-based email and collaboration server that offers enterprises a drop-in alternative to Exchange, today announced that it has closed its Series C funding round, bringing its total funding to date to approximately $30 million. The round was led by JAFCO Ventures; existing investors Matrix Partners and Worldview Technology Partners also participated. PostPath will use the funding to expand its marketing and sales teams to support the companys current growth plans and the increasing market interest in its products.

PostPath also announced that Tom Mawhinney, general partner at JAFCO Ventures, will join the board and that Joe Horowitz, managing general partner at JAFCO Ventures, will join the board as an observer.

“The team at JAFCO Ventures saw an exceptional opportunity in PostPath. Enterprises have been increasingly frustrated with Microsoft Exchange™, but until now customers have had no other realistic choice,” said Mawhinney. “PostPath is the first company to deliver a practical alternative. We spoke with numerous customers and prospects before we invested in the company and were very impressed with the glowing reports we received.”

PostPath

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