YouMail Raises $4.5 Million in Funding from VantagePoint Venture Partners

Business Wire, Nov 6, 2007

Craig Cooper, Co-founder of Boost Mobile, Joins Board of Directors

IRVINE, Calif. -- YouMail, Inc. (www.youmail.com), the mobile industry's premiere consumer voicemail service, today announced that it has raised $4.5 million in series A funding from VantagePoint Venture Partners. Additionally, Craig Cooper, venture partner at VantagePoint, will join the YouMail Board of Directors. YouMail will use the proceeds to invest in further product development and marketing initiatives, and expand its management and development teams.

YouMail provides consumers with a free cell phone voicemail service that allows them to better express their personality and to be more productive. YouMail users can personalize greetings based on caller id - recording greetings themselves, or easily choosing from a large and growing library of user-generated greetings and away messages. This lets users express themselves differently to their friends, family and co-workers, while maintaining a standard greeting for unknown callers. YouMail users can also access their cell phone voicemail over the web or in their e-mail, easily share special voicemails, and save them for life.

"Over the past few months, YouMail has been rolling out and steadily improving its innovative free cellphone voicemail service, and we look forward to working with VantagePoint to grow our business and expand our presence in the market," said Alex Quilici, CEO of YouMail. "We selected VantagePoint as our partner because of the firm's deep expertise and success in helping launch and grow some of the hottest new mobile companies in the market today."

In addition to the funding, YouMail also announced that Craig Cooper has joined its Board of Directors. Cooper is currently a Partner at VantagePoint Venture Partners, and previously was a Partner at SoftBank Capital where he led the West Coast Digital Media and Wireless Investment Group. With more than 20 years of technology industry experience, Cooper was previously the co-founder of Boost Mobile USA, one of the first Mobile Virtual Network Operators (MVNOs) to develop a successful business model based on branded wireless services and content.

"YouMail has undoubtedly developed one of the most compelling mobile services that we've seen in some time. Because the company's offerings are free, easy to learn, fun to use, and increase productivity, it will considerably shake up the existing category," said Cooper. "We are excited to be investors in a company with such an innovative and global vision for the future of the mobile experience."

About VantagePoint Venture Partners

VantagePoint Venture Partners provides creative growth strategies and capital to companies transforming global markets. With more than $4.0 billion of capital under management, the Firm invests in entrepreneurial companies at all stages of development in the CleanTech, Healthcare and Information Technology sectors. VantagePoint partners with talented entrepreneurs who are seeking to build companies that are world-scale in both size and substance. The Firm has created a network of thought leaders and strategic partners with some of the world's leading corporations to provide portfolio companies with a unique advantage to accelerate growth. For more information, visit www.vpvp.com.

About YouMail

YouMail, Inc is headquartered in Aliso Viejo, CA. YouMail provides a free, dramatically better cell phone voicemail service that allows users to better express their personality and be more productive through a collection of unique and powerful features, and the leveraging of the YouMail community of users. The service has a growing set of distribution partnerships with major mobile service and content providers. To learn more and sign up for the free YouMail service, go to http://www.youmail.com. Inquiries regarding YouMail should be directed to RJ Bardsley, Racepoint Group 415-694-6701 rjbardsley@racepointgroup.com or Ken Brickley, YouMail 949-280-3815 ken@youmail.com.