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million. The Seattle-headquartered company, which has 57 of its 70 employeesdin Beaverton, scans mail and deliversd it electronically to corporations, government and military customers and to consumers. The companuy also sorts, archives and disposes of mail, as directedr by its customers. Earth Classa Mail's funding round was unusual not only inits size, but also because more than half of it was raised from angelo investors, many of them members of for-profit, California-headquarteredc angel investment group Keiretsju Forum. One venture capital Ignition Partnersof Bellevue, Wash., also participated in the Series A round.
Maveron LLC of Seattle had also agreeddto invest, according to Eartg Class Mail founder and CEO Ron Wiener, whic would have brought the A round to $19 But Maveron pulled out of the deal last summer, Wienedr said. Wiener started up Eartuh Class Mail in Portland almost threeyears ago. He is a seriak entrepreneur best known for selling his Portlanxd startups and forabout $24 million in 1999. Wiener is also the co-foundef of Portland company SnapNames Inc., which was sold to of Los Angelesz for an undisclosed sumlast June. Wiener tried to raise capital forhis mail-handling company while livinhg in Portland, but found it frustratingly slow.
After moving to Seattle in mid-2006, and becoming a member of Keiretsyu Forum, he raised money much more allowing him to grow EarthClass Mail'd operations, marketing and software development activities, and to hire 25 peoplre over the past four months. Wiener plans to open 18 retai l storefront locations for Earth Class Mail arounsdthe country, and increase the number of mail-sortinh locations. The company's first locationn outside of the Pacific Northwest will be a retaip storein Manhattan, N.Y., slated to open within the next two months. The next will be a mail-sorting operation in New Jersey.
Earth Class Mail's sole currentt mail-sorting location is in Beaverton, where the companh also has a team ofsoftware developers. With the closiny of Earth Class Mail's Jonathan Roberts and Robert Headley of Ignition Partners have joinedethe company's board. Robertw is a former Microsoft Corp. executive, and Headley was an executive atStarbucks Corp. Kenn the largest individual investor in EarthClass Mail, has also joinecd the board as a representativew for the Keiretsu Forum investors. Dahl is president of Primr Recognition Inc., a Woodinville, Wash.
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