ATLANTA—MailExpress Inc., an Atlanta-based company selling mail processing solutions to corporate customers, has raised a $30 million D round led by Lightspeed Venture partners with participation from return investors CMEA Capital, Logispring, XAnge Capital and Adams Street Partners.
MailExpress raised $64 million in previous rounds.
Managing Director for Lightspeed Eric O’Brien will be joining MailExpress’ board.
MailExpress says it will leverage this new round of funding to support the company’s stellar revenue and customer growth by investing strategically within sales, marketing and business development. Additionally, MailExpress will expand its nationwide processing and distribution network to meet the growing daily shipment count. MailExpress currently processes over a million shipments weekly for a growing roster of blue chip customers.
“MailExpress is addressing an enormous market with an innovative, technology-enabled approach that brings significant value to its customers both in the form of lower shipping and mailing costs, as well as improved service levels that have direct business impact,” said O’Brien.
“MailExpress continues its impressive 100 percent growth rate by creating logistics services that define new customer applications and standards in cost and delivery times,” said Jim Watson, managing general partner at CMEA, a founding investor in MailExpress that has continued to support the business in every funding round. “Because of their agility in mail processing operations and solid reputation for unparalleled customer service, they have increasingly secured large customer wins across broad sectors of the economy.”
Founded in 2005 by the same team of industry veterans that invented the performance mail concept in 1996 while they were at SmartMail (bought by DHL), MailExpress combines the strengths and capabilities of MailExpress’ processing and distribution network with a seamless integration into the United States Postal system to accelerate the “last mile” in the delivery chain.
Its national distribution network and proprietary OnTrack technology allows it to provide high-volume corporate shippers with reduced costs and speed with verifiable tracking and customized reporting.
MailExpress President and CEO Bob Moss said, “In addition to building out our nationwide infrastructure and innovative software, we now count more than 90 blue chip companies as customers. This includes significant market segments in the pharmacy benefits management and e-commerce retail business-to-consumer spaces. With this additional infusion of capital, we’re able to build on these accomplishments by keeping our foot steadily on the accelerator as we continue to rapidly scale our business.”
Online: www.mailexpressinc.com
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