Successful CMOs achieve growth by leveraging technology. Join us for GrowthBeat Summit on June 1-2 in Boston
, where we'll discuss how to merge creativity with technology to drive growth. Space is limited. Request your personal invitation here
Ge.tt is a browser-based, file transfer service that today announced an investment of €350,000 ($455,000) from Atomico, the venture capital firm of Skype founder Niklas Zennström. The Copenhagen-based startup will use the cash to hire new staff.
“The space is very fragmented and there are a lot of competitors,” says CEO Tobias Baunbæk. “They all have different qualities: Dropbox for file collaboration, Box.net for content collaboration and YouSendIt to send files over email.”
Let’s remind ourselves that DropBox closed a $250 million round of funding in mid-October and is valued at $5 billion. Box.net raised a recent $81 million extension round of funding and has been used by 77 percent of the Fortune 500. File transfer is a big business, but also a crowded and well-funded one, so Atomico must see something new in Ge.tt.
Ge.tt doesn’t require an account, and files can be uploaded and downloaded simultaneously. “Imagine a photographer who wants to send 50 images to a client,” explains Baunbæk. “He drops them into Ge.tt, immediately gets a link and sends this to his client. The files are uploaded one by one. If the client requests a file which hasn’t been uploaded yet, this starts to upload and he never realizes that the file wasn’t on the Ge.tt servers.” The team claims to have developed a new technology to make transfer much faster than other services, making it popular with media companies, which need to transfer many large files.
Ge.tt currently has 430,000 users. Users get 250MB of free storage. By creating an account, users increase that to 2GB of free storage. $5 a month buys you 5GB, $10 40GB and for $20 you get 100GB.
Ge.tt’s home base of Copenhagen, has an interestingly diverse startup scene for a small city. VentureBeat has covered Danish companies from concrete revolutionaries Abeo, wine recognition app Vivino and driving safety software Anti-sleep pilot to invoicing startup Tradeshift. It’s also the home of Sunstone Capital, the early investor in presentation software Prezi, which just landed $14 million from Accel Partners.
Copenhagen also has a noticeable number of that rare breed, the female startup founder, including Tine Thygesen of Everplaces and Founder’s House, Mette Lykke of fitness app Endomondo and Camilla Ley Valentin of virtual queuing startup Queue-it.
Ge.tt was founded in 2010, has 4 employees and is based in Founders House, an invitation-only working space in Copenhagen.
VentureBeat’s VB Insight team is studying marketing analytics...
Chime in here, and we’ll share the results.