Zumbox Scores $8M

Westlake Village-based Zumbox, a developer of a system for sending electronic mail to postal addresses, announced today that it has raised $8M in a funding. The firm said the funding came from Art Bilger of Shelter Capital Partners; Rick Braddock of Fresh Direct; Michael Eisner of the Tornante Company/formerly of Walt Disney; Bill Guth of Guthy-Renker, and Donn Rappaport, the firm's CEO and founder. Zumbox develops a service--aimed at marketers, businesses, nonprofits, and the government--to target individuals with electronic mailings, based on their street address, rather than their email inbox. The firm said it will start a national roll out of the service in Q4 of this year. Zumbox does not digitize or convert postal mail, instead, it allows marketers and other businesses and institutions to target specific postal addresses with their materials, and then looks to have customers at those addresses to create an account to view those materials. More information »