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Green Letterbox Taps EI For €125,000

/ 10th March 2016 /
Subeditor

Green Letterbox, a digital repository for households and businesses to receive their bills, financial statement and other correspondence, has received €125,000 equity funding from Enterprise Ireland. The company previously tapped the taxpayer for €125,000 in 2014.

Founded by in Nick Keegan (pictured), the company booked a startup period loss of €220,000 in the year to January 2014 and a loss of €307,000 in 2014/15.

Investors in the company include Aluset and Davy private clients. The concept has worked well in Denmark, Australia, Canada and France. Virtual mailboxes have been matched to the GeoDirectory of postal addresses and the platform is hosted on Amazon Web Services.

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