Adams Street Partners Participates in $15 Million in Series D Funding Round for You Send It, Inc.

Based in Campbell, California, You Send It has become a world leader in services that allows users to securely send information and digital data over the internet. On August 3, 2010, the team at You Send It announced that it has secured $15 million in series D funding with Adams Street Partners being a new investor joining the company’s existing investors. The existing investors include Emergence Capital, Sigma Partners, and Alloy Ventures. Proceeds from this funding round will help You Send It increase its market shares and excellerate market growth.

Founded in 2004, You Send It has grown phenomenally and has gained enormous momentum and according to the company’s CFO, Renee Budig, this funding round will help the company to further expand its market leadership throughout the world. Ms. Budig also added that modern technology and the current age of digital information technology has caused global businesses to change the way they do business and the every evolving business world demands more collaborative work environments with more sophisticated teleconferencing and telecommuting technology. With You Send It already in a leading position in the data sending market, the company plans to have a superior product and service that will meet the ever-changing demands of today’s business community.

The funding round was led by Adams Street Partners which is one of the largest global private equity firms and is a new investor in the company. Adams Street Partners was joined by all the company’s existing investors. According to Adams Street’s Robin Murray, You Send It has rapidly proven its value proposition by being able to quickly and securely deliver data between businesses worldwide. Ms. Murray further added that the financing provided by Adams Street Partners is anticipated to allow You Send It to expand its value and open up to new markets and to a new generation of clients to serve. The team at Adams Street is also confident that the top-notched team at You Send It will develop new technologies in secure digital file and data delivery to help the enterprise industry.

You Send It is the world’s leader in secure digital file and data delivery and serves the professional community by providing a vehicle for professionals in any business to securely and quickly send files to their colleagues and partners across the globe. The company currently has over 13 million users and over 210,000 subscribers who use its services to send over 15 million digital files per month. The platform that You Send It provides allows its users to send files that are too large to send by email and because of its capabilities to send large digital files, eliminates the need for businesses to spend expensive overnight courier fees or cumbersome FTP fees. Some prominent companies have already been using services provided by You Send It for a while. Some companies that use You Send It’s services include Rheem, Fast Signs, Ritz Camrera, and others.

Adams Street Partners is one of the largest private equity firms and is based in Chicago, Illinois. Adams Street Partners was named after the street that the private equity firm is located on. The firm currently has over $20 billion in funds under its management and is unique because it is employee owned. Though Adams Street’s primary office is on Adams Street in Chicago, it also has offices in Australia, Europe, the United Kingdom, and Japan. The firm was established in 1972.