Investors Send $15M to YouSendIt

8/3/10

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 Xconomy's chief correspondent and editor of Xconomy San Francisco. You can subscribe to his Google Group or e-mail him at wroush@xconomy.com. Follow @

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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.