Every company hits an inflection point — a point at which it’s no longer “if” there’s a market but “how fast” the company can grow to meet that market demand. We hit that milestone in September when we turned down business so that the quality of our work wouldn’t slip. It was clearly time to accelerate our expansion. With the incredible support of our clients, the talented ValiMail team, and our existing investors, we spent the summer getting to know top-tier VCs and specific partners who just meshed well with my co-founder and me. They got excited about our vision and where we were going, did intros, provided advice. At the end of the summer, we started an A round process that took exactly three days. End result? Today ValiMail announced a $12 million Series A round led by Shasta Ventureswith follow-on investments from Flybridge Capital Partners and Bloomberg Beta, bringing total investment to $13.5 million to date.
Our lead investor is Jason Pressman, Managing Director at Shasta Ventures. I did an exhaustive background check on him and could not find one person, not one (!), who said anything negative about him. A steadfast entrepreneur-friendly, wise, fair, and strategic gentleman.
One of our early clients, Stephen Fridakis, Vice President and Chief Information Security Officer at HBO said, “ValiMail has been instrumental in securing our well-known consumer brands against phishing attacks. We look forward to a fruitful partnership with them as we continue to secure our company’s information and email communications.”
On a personal note I am excited and honored by the enthusiasm displayed by our customers, partners, and investors for email authentication as a category and the ValiMail solution in particular. Thank you for all your support!
— Alexander García-Tobar