Investors Send $15M to YouSendIt

8/3/10Follow @wroush

Campbell, CA-based YouSendIt, whose software allows companies to use the Internet to securely transfer files that are too large to be sent by e-mail, announced today that it has raised $15 million in Series D funding. New investor Adams Street Partners led the financing round, which also included existing investors Emergence Capital, Sigma Partners and Alloy Ventures. The company says it will use the money “to accelerate growth and increase market share.”

Wade Roush is a contributing editor at Xconomy. Follow @wroush

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  • http://www.MensWorkoutHeaven.com Don

    How do these guys make money? Remember using them once in 2006 when they were hot stuff and featured in Business 2.0 but since then I have not heard much about them.