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YouMail Raises $5.5M Series B Round

2015-03-05
IRVINE, CA, YouMail successfully completed a $5.5 million Series B round.
Digital Offering (www.digitaloffering.com), a technology-driven merchant banking firm, today announced that its client, YouMail, Inc., successfully completed a $5.5 million Series B round. Euro Pacific Capital, Inc., an affiliate of Digital Offering, acted as co-placement agent.

YouMail provides a digital personal assistant that helps users better manage incoming phone calls. Users download YouMail's app, which replaces their existing smartphone visual voicemail. YouMail's service improves caller care, privacy and productivity, through innovative features such as visual caller ID, automated caller blocking, personalized smart greetings, automatic replies, cloud storage, multi-platform access to messages, call routing, and more.

YouMail's service has answered over 4 Billion calls from more than 100 Million unique callers.

'We are delighted to announce the completion of the YouMail financing transaction,' commented Chad Cooper, Chief Executive Officer of Digital Offering. 'We believe that YouMail's innovative suite of products and strong management team will translate into continued growth for the company. Two of Digital Offering's Principals have also personally invested in this YouMail Offering on the same terms and conditions as the other investors. Also, I am excited to announce that I will be joining YouMail's Board of Directors later this month.'

'We are very pleased with the successful $5.5 million financing,' stated Alex Quilici, Chief Executive Officer of YouMail. 'We now have the additional resources we need to accelerate our growth, further develop our technology platform and enhance our sales and marketing activities. We could not have completed our Series B without Digital Offering. Their relationships and sound strategic advice added immeasurable value to the process.'

About Digital Offering LLC

Digital Offering is a merchant bank that advises to and raises capital for emerging and middle-market public and private companies the firm believes are poised for growth. Digital Offering conducts extensive and thorough due diligence for each of its client companies, leveraging decades of industry and capital markets experience. The firm capitalizes on recent regulatory changes (the JOBS Act) that permit general solicitation and advertising for private placements. Digital Offering's technology platform also streamlines the legal process of capital raising, allowing investors to access all transaction-related documents and due diligence materials online. For more information regarding Digital Offering, visit www.digitaloffering.com.

About YouMail

YouMail, Inc. (http://www.youmail.com) is the leading provider of intelligent, cloud-based telecommunication services. The company's flagship service, YouMail, provides a digital personal assistant for handling phone calls that replaces the user's voicemail on Android, iPhone and Windows Phones. Headquartered in Irvine, Calif., YouMail is backed by VantagePoint Capital Partners, Wavemaker Ventures, the Tech Coast Angels ACE Fund, the CrunchFund, the Tech Coast Angels, and numerous private investors and family offices.
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