October - 2003 issue > VC Chakra

By si Team

Anti-spam solutions provider MailFrontier announced the closing of $10 million in Series B financing led by Menlo Ventures. Existing investors Draper Fisher Jurvetson and New Enterprise Associates (NEA) both participated in the round. Sonja Hoel, managing director at Menlo Ventures has joined MailFrontier’s board of directors.

“We are thrilled to have Menlo Ventures on board as we continue to face tremendous growth in enterprise sales,” said Pavni Diwanji, CEO and co-founder of MailFrontier. “Sonja is a veteran investor in the security and anti-virus markets. Her experience was a deciding factor in our choice to partner with Menlo Ventures as we set out to transform continued sales success into sustainable growth and profitability,” said Diwanji.

With spam now estimated to account for almost 50% of all email traffic, and legislation being slow to deter offenders, technology is the most effective weapon for businesses and individuals to use in the war against junk email. Unlike other solutions that simply claim low false positives, MailFrontier pioneered an approach that ensures no email is ever lost by giving users a quick and easy way to verify all messages before any get deleted.

It has been less than six months since the launch of MailFrontier Anti-Spam Gateway and the company has secured over 80 enterprise customers. These include publicly traded technology companies CDW Corp. and Marimba, as well as the Washington School District, and the Public Service Company of New Mexico (PNM), the state’s largest electricity and natural gas provider.

“MailFrontier captured our attention because of their impressive track record in signing enterprise customers,” says Sonja Hoel, managing director at Menlo Ventures.

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