YouSendIt raises $14 million in Series C funding

16 July, 2008
US-based YouSendIt, which enables users to send large files to any email address, has raised $14 million in a Series C round of venture capital financing from new investor Emergence Capital and existing investors Sigma Partners, Alloy Ventures, Sevin Rosen Funds and Cambrian Ventures. The latest round brings YouSendIt’s total funding to $34 million, reports TechCrunch.

Founded in 2004, YouSendIt claims to have more than seven million users growing at a rate of 200,000 per month. The company plans to use the funds to expand its customer base and accelerate product innovation.

“This new capital will allow us to accelerate adoption of our service among businesses worldwide,” Ivan Koon, chief executive officer, YouSendIt, has said. “We also will continue to improve on collaboration and file management functionality to enhance our customers' productivity and efficiency.”
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US-based YouSendIt, which enables users to send large files to any email address, has raised $14 million in a Series C round of venture capital financing from new investor Emergence Capital and existing investors Sigma Partners, Alloy Ventures, Sevin Rosen Funds and Cambrian Ventures. The latest round brings YouSendIt’s total funding to $34 million, reports TechCrunch.
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