US mail startup Outbox shuts down mail digitizing service
US mail startup Outbox announced that it is quitting its mail digitizing service, according to TechCrunch.
The San Francisco-based company sent people to a customer's home to pick up their physical mail. The mail is then digitized for a monthly fee of $4.99, the report detailed.
Outbox underwent a pilot phase in Austin before launching in San Francisco last year. Over the summer, the startup secured $5 million in Series A funding. This round was led by Floodgate, the report said.
The firm itself is not shutting down. According to the blog post, Outbox will focus its team and resources on developing a new product. The company says they did not have enough clients signing up and paying for the service, the report explained.
A portion of the announcement said: "After several months of testing and refining, we reasonably concluded that we were executing well and collecting good data-it told us that there wasn't enough demand to support the cost model."
According to Outbox, current customers will be able to download a copy of their digital files until the end of February, TechCrunch reported.
Join the Conversation