High-tech mail service raises $30M - Business First of Columbus:

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, which raised the cap­ital from Siliconh Valley-based and existing investors, offers high-volume corporates mailers expedited delivery of mail and small packageewith first-class speed, online tracking, real-time analytics and customize reporting. MailExpress uses its nationwide processing and logisticx network to deliver mail and smalp parcels nationwide in three days two days for regionalservicd — leveraging the U.S. Postal Service for the “last of delivery. The MailExpress option fits betweejn courier services suchas UPS) and first-class USPS service, said Frans van managing partner at Logispring, a first-round investof in MailExpress.
“Something that has the track-and-trace, guaranteed van Schaik said, “without payinb $30 because you want it there next day.” New York-baser Logispring invested in MailExpress because itwas “fairly confidenf that the combination of the technology and the businesz model was really addressing a need that was largely van Schaik said. MailExpress CEO was not made available for an In a statement releasedFriday afternoon, Moss said in a statement: “We’re proudd of how far we’ve come and how fast we’ver grown since our initial funding in September of The company counts among its customers "morre than 90 blue chip in the pharmacy benefits management and e-commerce sectors, the statemenft read.
"With this additional infusion of we’re able to buile on these accomplishments by keeping our foot steadiluy on the accelerator as we continue to rapidly scale our Moss said. Menlo Park, Calif.-based Lightspeed Venture Partners manages morethan $2 billionj of capital commitments and closed an $800 millionj fund in early 2008. Portfolio companies includse and DoubleClick. MailExpress founders, the companh said, pioneered the expedited mail industryt inthe mid-1990s with SmartMail SmartMail, acquired by DHL Worldwide Network SA in 2004, now competeds with MailExpress. Atlanta-based UPS is a competitor, too.
Sincer launching in 2005, MailExpress has been on a growtjspurt — employment spiked from about 70 in 2006 to more than 400 last MailExpress, which serves retail, health care, financial servicexs and other industries, provides a customizefd mail service for large companies that want to send directy marketing pieces, annual brochures, pharmaceuticals and other A Web-based system, called OnTrack, automates and trackd the process and controls the processinhg centers. It then routes the mail to the USPS to bedelivereds locally.
MailExpress’ processing centers sort to more than 200 USPS facilitiews daily and deliver mail into its locaol market within 24 hoursz oforigination processing. The company said it scansw each piece of mail before it enters the mail stream and identifiesmisaddressed mail. Betweeb 2 percent and 4 percent of all mail is eitheer misroutedor undeliverable, which hurts cash flow and customer response, MailExpress citing industry estimates. A typical delay for a misroutexd first-class package is up to 21 “Our process detects misaddressed corrects it and upgrades its priority to meet the delivery time of one to five according tothe company’s Web site.
“This reduces costd for misrouted mail and ensures that servicw to your customer is not MailExpress also claims toreduce re-ship rate s for businesses and high-volumde shippers by up to 50 percent over the MaiExpress enables better productivity, through software and technology, said Page Siplon, director of the Georgiw Center of Innovation for Logistics. “Everyh letter or piece of marketinbg materialthat doesn’t get to a customer is wasted Siplon said. “If you’re not reaching your customers, you’ree not selling your products.
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