Besieged by financial woes and closing offices all over the country, the United States Postal Service is hurting. As snail mail is gasping for breath, digital postal mail startup Zumbox closed $10.6 million in a third round of funding, raising a total of $28 million in capital.
Certainly the Internet has revolutionized communication, but despite the dominance of email, ecommerce, and online billing, people still cling to hard copies as a source of verification and recordkeeping. Zumbox provides customers with a cloud-based mailbox linked to a residential street address and delivers exact facsimiles of paper mail. With it, people can receive, view, archive, and search through their digital post in a single, secure online environment.
After signing up with your address, Zumbox matches your information with all the companies and organizations that have you on their mailing list and support digital mail. From that point on, it delivers all mail from those locations to your Zumbox account. You can access it from anywhere, set reminders, print, and organize to your heart’s content.
Gone are the days of piles of envelopes shoved under the door and rummaging frantically through trash cans for that water bill you accidentally threw out. It is cheaper for businesses, more convenient for you, and better for the environment.
Zumbox has multiple competitors, including digital delivery service Volly, which targets high-volume mailers, online bill organization system Manilla, and doxo, a digital file cabinet. Zumbox stands out by working with both the senders and the receivers to provide a simple, logical solution to the postal system’s model.
With the additional funding, the company plans to fund operations, sales, marketing, and development of its technology platform in the U.S. Zumbox CEO John Payne invested in this round, as did partner company Computershare. Former investors include Disney CEO Michael Eisner and former CEO of Priceline.com Rick Braddock. Zumbox was founded in 2007 and currently has 35 employees headquartered in Los Angeles. In 2011, the New Zealand postal system adopted Zumbox services.
Until teleportation devices are invented, snail mail will continue to be a necessary evil. If companies like Zumbox manage to quell the flood of unnecessary paper mail, the old-fashioned postal service can be reserved for pleasant activities, like sending love letters and receiving care packages.