Message Systems Raises New Round
Message Systems raised $27M from Hercules Technology Growth Capital (new investor) and LLR Partners and NewSpring Capital (existing investors), bringing its total in outside funding to $65M. The email infrastructure company, based in Columbia, MD, and San Francisco, also snagged an $8M line of credit for working capital from Hercules. The money will be used to grow its new public cloud email service known as SparkPost. Message Systems CEO Phil Merrick, whom we snapped when he took over as CEO last May, says the company now offers the same email capabilities in use at Twitter, Groupon and LinkedIn and moves 25% of the world’s legitimate emails—over 3 trillion messages a year.