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Auctionbytes-NewsFlash, Number 1954 - January 13, 2009 - ISSN 1539-5065      | Next Story

Former eBay T&S Exec Leads Omidyar Investment in Goodmail
By Ina Steiner
AuctionBytes.com
January 13, 2009
Reading AuctionBytes: Former eBay T&S Exec Leads Omidyar Investment in Goodmail

eBay founder Pierre Omidyar's Venture Capital firm Omidyar Network invested $4 million in Goodmail Systems, creator of CertifiedEmail. The investment was part of a $5 million second closing of a funding round led by Bessemer Venture Partners, bringing the total investment in the round to $25 million.

The company said the new funding would enable it to further enhance its core email product so non-spam messages with multimedia and active content could be delivered and opened with complete security.

Matt Halprin, a former eBay executive who headed Global Trust & Safety and is now a partner at Omidyar Network, was quoted in the press announcement. "We're excited that Goodmail is Omidyar Network's first investment related to our recently added focus on trust, reputation and identity. Goodmail stands out in a crowded field of companies looking to take the security risks like phishing scams, malware and viruses out of email communication. By supporting companies that help foster trust online, Omidyar Network hopes to encourage increased engagement in online platforms." Halprin will join Goodmail's Board of Directors.

http://www.goodmailsystems.com

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