YouSendIt, Inc., a Campbell, CA-based digital file delivery company that allows users including professionals, businesses and government agencies, to transfer files too large to send via e-mail, has raised a $15m Series D round of venture capital financing.
The investment was led by new backer Adams Street Partners, with participation from existing VC partners Emergence Capital, Sigma Partners and Alloy Ventures.
The funding will be used to accelerate growth and increase market share.
In conjunction with the investment, Robin Murray, partner at Adams Street Partners, was named as an observer to the YouSendIt board of directors. He joins directors Brian Jacobs, general partner at Emergence Capital, Bob Spinner, managing director at Sigma Partners, Ammar Hanafi, general partner at Alloy Ventures, Nick Sturiale, general partner at JAFCO, Brett Caine, senior vice president and general manager, online services division at Citrix Systems, Ranjith Kumaran, founder and CTO of YouSendIt, and Ivan Koon, CEO of YouSendIt.
The company currently serves more than 13 million registered users and over 210,000 subscribers, including companies such as Rheem, Fast Signs, Ritz Camera, Salesforce, Reuters, Nixon Peabody LLP and Kelly-Moore Paints.