Octopus leads $2.8m seed round for Mailcloud

Bessemer Venture Partners, Kima Ventures, Seedcamp London and various other investors also took part in the round.

The fresh capital will enable Mailcloud to invest in product development, in anticipation of its launch next month.

The investors stated they were attracted to the deal by the quality of the management team, formed of engineers from IBM, Vodafone, Cable & Wireless and Hewlett Packard. They were also attracted by the product's potential attractiveness to information workers.

The deal represents Octopus's second investment in the London tech scene this month, having previously injected £2.2m into Uniplaces, an online accommodation rental platform for students.

Previous funding
Founder Malcolm Bell's investment company, Dessinka, provided the company with $1m in January 2014.

Company
Founded in 2013 and headquartered in London, Mailcloud is a software-as-a-service developer of email and file management software for mobile and desktop devices. The company's service is set to go live on Android and iOS in November.

People
Malcolm Bell is the founder and CEO of Mailcloud. Alliot Cole, part of the venture team at Octopus, led the deal. Alex Ferrara is a partner at Bessemer Ventures.

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• Topics
• Early-stage
• Technology
• UK / Ireland
• Octopus Investments
• Bessemer Venture Partners
• United Kingdom