Email app Tipbit snares $4 mln

Tipbit has raised $4 million in Series A funding. Ignition Partners led the round. Based in Seattle and San Francisco, Tipbit, which is also backed by Andreessen Horowitz, is an email app.

PRESS RELEASE

Tipbit announced today that it closed a Series A round of $4 million, led by Ignition Partners. The Tipbit app revolutionizes the mobile email and productivity experience through contextual search as well as integration with popular cloud services such as Evernote, Dropbox, Salesforce and others. As mobile email rapidly overtakes mail on the desktop, Tipbit is poised to capitalize on this major trend with version 2.0 of its advanced email application for smartphones.
“Tipbit’s mission is to transform the productivity potential of the mobile device,” said Gordon Mangione, Tipbit founder and CEO. “We all love our phones, but we need better tools to get our work done completely wherever we happen to be, rather than wait until we return to our desks. The market is moving in this direction. Ignition, our customers and the Tipbit team see that the opportunity to elevate mobile email has never been greater.”
The mobile productivity arena augurs strong demand for Tipbit’s capabilities. According to Nielsen, mobile will overtake desktop internet in 2014. In particular, Tipbit solves the challenges inherent in the top four tasks that mobile email users defer to their desktops: Researching new prospects, emailing introductions, scheduling meetings and saving emailed files to Evernote or other cloud services. Tipbit version 2.0 instantly surfaces rich information on any email sender’s contact information, including LinkedIn profile, recent Tweets, blog posts and other publicly available data, presented by tapping on the sender name. Sharing via cloud services happens within the inbox with one-tap clip to Evernote or other services.
The use of funds from this Series A round includes an investment in engineering to accelerate the pace of innovation. The company is building on an app that has already received widespread praise from users and industry leaders. “Email combined with search, social and personal cloud brings a new level of efficiency to mobile users,” said Frank Artale, Ignition managing partner. “Tipbit is leading a new wave of apps that bring relevant information to the user the moment it’s needed and with the tools to respond to requests instantly, in the inbox.”
Version 2.0 adds contextual searching and the ability to instantly filter searches by subject, date, sender or other attributes. Tipbit’s powerful contextual indexing engine automatically delivers relevant content to mail or calendar, giving users immediate access to relevant information at their fingertips. There’s no need to leave the inbox; Everything you need is available the moment you need it. Version 2.0 includes:
Instantaneous search: Whatever you are looking for on your smartphone, Tipbit has already found it. Tipbit connects all relevant social, search, email and meeting info in the background, and surfaces relevant info when you need it
Slice and dice with one tap: Filter mailbox views by any combination of date range, people, read/unread status or favorited email
Connect people with meetings: Filter calendar based on the source
Tipbit supports the broadest range of email services including support for ActiveSync for Exchange and IMAP services such as Gmail and Yahoo. The Tipbit App is available for free from the App Store on iPhone and iPod touch at http://www.AppStore.com/Tipbit.
Tipbit is the 2013 winner of the SxSW V2 Venture competition in the mobile and table technologies category. For more information please visit https://www.tipbit.com and follow Tipbit on Facebook and Twitter at @tipbitinc.

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