PowerInbox and ActivePath Merge with Venture Funding

Email technology provider PowerInbox has merged with ActivePath, a provider of interactive email technology within the enterprise space. PowerInbox is based in Cambridge, Ma, and ActivePath is based in New York, with offices in Tel Aviv, Israel. The combined entity will have $10 million in funding from Atlas Venture, Longworth Venture Partners, Battery Ventures, Genesis Partners, GIMV NV and Correlation Ventures.

ActivePath Inks $10M

ActivePath has raised $10 million in financing from Battery Ventures, Gimv NV and Genesis Partners. The money will help accelerate development and expand sales and marketing efforts for the company’s email marketing software. Scott Tobin, general partner at Battery Ventures; and Steven Coppens, partner at Gimv’s venture capital team, will join ActivePath’s board.

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