Thursday, April 10, 2014
Zumbox Shutting Down
Los Angeles-based Zumbox, a startup which had been looking to store and deliver information which normally would be delivered via mail in a digital form, is shutting down its services, as of next Monday, April 14th. According to a message from the company--first posted by Infotrends--the company said the "time and cost" required to deliver on its concept of "digital postal mail" is "more than the market is prepared to invest." Zumbox had raised at least $28M in funding from such investors as Compushare, Shelter Capital Partners, Michael Eisner, and others.