20 Nov '12, 9am

#Australia based email provider #Atmail secures AUS$2M in funding from Starfish Ventures

#Australia based email provider #Atmail secures AUS$2M in funding from Starfish Ventures

From a small garage in the backyard into a multi-national company with small (single user) to large (million user installs) clients installs around the world, Atmail has grown a lot over 14 years. Starting small with bootstrapped funds has allowed Atmail to always run as a cash positive business. Staff growth has been limited by income from products sales – while hiring the best has allowed us to build an amazing product on limited resources – we’ve always wanted to jump ahead in the game. Over the last year Atmail has been working with Starfish Ventures in Australia to formalise an investment deal with the venture captital firm. Today we are very pleased to announce that Starfish has invested an initial $2M in Atmail. Starfish’s capital commitment will allow Atmail to break-free from the bootstrap “income before expansion” limitations and delve into new opportunities with...

Full article: http://e27.sg/2012/11/20/australia-based-email-provider-a...

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