Published on July 20th, 2007 | by Noelle dEstries
Junk Mail Killers Green Dimes raises $20.5M in funding
Congrats 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.