MailExpress Secures USD 15 Million Series B Funding

MailExpress, Inc., the leading provider of services focused solely on expedited mail, today announced that it has closed its series B round of funding for USD 15 million. XAnge Capital led the financing, which includes additional investments from first round investors CMEA Ventures and Logispring. MailExpress will use the investment to complete the nationwide network and technology rollout needed to handle the dramatic growth in demand for its expedited mail services.

The funding comes on the heels of the company having just announced the opening of its seventh new facility of 2007, an operation in Atlanta. Additional facility openings are planned to meet continued growth in demand for its services, which helps companies to realize faster speed, higher accuracy, increased flexibility and lower cost than First Class Mail. As a result, clients representing corporate marketers, ad agencies, financial services firms, as well as direct distributors of lightweight parcels have been drawn to the business improvements they can realize through MailExpress. This growth prompted follow-up investments from Logispring and CMEA Ventures.

“MailExpress represents a breakthrough solution to the high cost and limited visibility of delivering small packages within the US Postal system,” said Jim Watson, Managing Director of CMEA Ventures, which co-led the first round of funding. “The MailExpress technology and nationwide service allows the tracking of lightweight parcels such as pharmaceuticals and expensive marketing materials at a considerable cost savings over First Class Mail.”

Marcel Timmer, a Partner at investor Logispring, commented, “We are very pleased with the success that we believe MailExpress will continue to enjoy. It demonstrates the power of combining cutting-edge technology with long standing operating models, in a collaboration between strong entrepreneurs and domain-focused investors.”