ClairMail Gets $13.8 Million Venture Fund Investment

Register now

SAN RAFAEL, Calif. – ClairMail Inc., a provider of direct mail technology for credit unions and banks, on Monday said it received a $13.8 million investment led by Investor Growth Capital, the wholly owned venture capital arm of Stockholm-based Investor AB.

Existing investors JAFCO Ventures, Northwest Venture Partners and Outlook Ventures also participated in the round.

ClairMail said it will use the financing to grow its technology infrastructure and service capabilities to meet the growing demand for mobile financial services.

ClairMail provides a technology platform it says is designed to help financial institutions realize the strategic potential of mobile banking, driving new levels of customer trust and loyalty, facilitating cross-sell opportunities and enabling near term, measurable cost savings.

For reprint and licensing requests for this article, click here.