greendimes.jpgCongrats to the good folks over at Green Dimes for raising a big ol’ round of funding. There’s nothing like an eight figure investment to kick your company to the next level.

Most people hate junk mail — how many are willing to pay to stop it? Palo Alto-based startup GreenDimes is betting a lot will, and according to PEHub has raised a whopping $20.5 million in a first round of funding, led by Tudor Investment Corporation.

GreenDime’s site says it has “tens of thousands of members” and the annual fee is $36 per year (a dime a day). For that price the company says it will reduce your junk mail by a 75% to 90% and plant one tree a month. GreenDimes was founded by entrepreneur Pankaj Shah, who also founded 4INFO and MetroFi.


[Earth2Tech]

About The Author

Noelle dEstries

Noelle d'Estries, an early GO employee who took on the varied roles of Community Manager, green celebrity blogger, and more. She currently runs worstcookever.com GO entered Noelle's life in February 2007 while she was burning tires in her backyard. A phone call from the green gods at GO, burnt out the fires. Now, Noelle happily wears her GO sweatshirt while eating organic veggies and asking for paper, not plastic. A regular at the local farmer's market, Noelle shuns raking leaves and lawn maintenance, while making gourmet foods constantly. When not staring at her computer screen, she spends time with her equally attractive dog, Tessa, cat, Tim and lover Paul. She currently holds all three point records at RIT and could eat avocados and drink wine for the rest of her life.

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