YouMail, the leading provider of intelligent, cloud-based telecommunication services for consumers and small businesses, has completed a $5.5m series B round. The company will use the proceeds to expand its base of well over 6.5 million registered users. This round brings the company’s total raise in debt and equity to just over $20 million.
YouMail raised its latest funding in February as a private placement, taking advantage of the federal Jumpstart Our Business Startups (JOBS) Act. Among other things, the JOBS act removed the ban on general solicitation and general advertising in private placements, allowing YouMail to market its offering through the internet, open webcasts and similar means. This private placement was managed by Digital Offering, a next-generation, technology-driven merchant bank, and included a mix of institutional investors, family offices, private investors, and other investment groups.
YouMail provides a digital personal assistant that helps users better manage incoming phone calls. Users download YouMail’s app, which replaces their existing smart phone visual voicemail. YouMail’s service improves its user’s caller care, privacy, and productivity, through innovative features such as visual caller ID, automated caller blocking, personalized smart greetings, automatic replies, cloud storage, multi-platform access to messages, call routing, and more.
YouMail is available on iPhone and Android, in addition to desktop and mobile Web-based platforms. There are also third-party applications tied into the YouMail Platform for Windows Phone, iPhone, and Android.
To expand its market presence, YouMail recently hired Brian Davi as the company’s Vice President of Marketing. Davi is a veteran marketing professional with a proven track record of implementing strategies that have produced more than $120 million in annual revenue. Previous to joining YouMail, Davi was the VP of Marketing at Sendme Inc.; Director of Advertising Analytics at Universal Music Group; and the Associate Director of Marketing at Fox Mobile Distribution. With the new team in place, YouMail is excited to embark on its next phase of growth and maturity, said CEO Alex Quilici, a serial entrepreneur who previously co-founded Quack, a voice portal startup which was later acquired by AOL.
“Consumers are overwhelmed with calls, texts, and other forms of communication, especially those who use their cell phone for business or to manage a busy family’s needs.” Quilici said. “Thanks to the JOBS Act, YouMail was able to leverage the popularity of its consumer service and successfully reach beyond traditional sources.”
Prior to this current round of private funding, YouMail’s investors include Vantage Point Capital Partners, the Crunch Fund, Wavemaker Ventures, and Tech Coast Angels.