Shoeboxed
Latest round
- Series B
Last raised
- Jun 2011
Total raised
- $1.4M
Investors
- 2
About Shoeboxed
Shoeboxed Inc.Founded in 2007, Shoeboxed Inc. operates from Durham, US, specializing in receipt scanning and expense management. The company was acquired by Earth Class Mail, Inc. in August 2018, though financial terms were not disclosed. The founder's identity and history are not publicly available.Shoeboxed offers a comprehensive receipt scanning and expense management solution designed to simplify financial record-keeping for individuals and businesses. The core product is its receipt scanning app, which enables users to scan, upload, and manage receipts efficiently. Users can send physical receipts using pre-paid Magic Envelopes or scan them using the mobile app available on iOS and Android devices. The app employs Optical Character Recognition (OCR) technology to extract relevant data from receipts, which is then human-verified for accuracy. Shoeboxed's services cater to a diverse clientele, including freelancers, small business owners, accountants, and larger organizations, providing them with tools to manage expenses, prepare for tax seasons, and maintain organized digital records.Shoeboxed operates on a subscription-based revenue model, offering various pricing plans tailored to meet the needs of different customer segments. The Startup plan is priced at USD 29 per month and allows users to send up to 300 physical documents annually, while the Professional plan offers more extensive options at a higher tier, accommodating 1,800 documents per year. The flagship product includes features such as unlimited storage, human verification of scanned data, and integration with popular accounting software like Quickbooks Online.99 per month. By facilitating seamless expense management and receipt organization through its subscription services, Shoeboxed generates consistent revenue from its client base, which includes both direct-to-consumer and B2B transactions.Shoeboxed's strategy for future growth includes the design and launch of new products aimed at enhancing user experience, although specific release dates have not been disclosed. The company is also exploring expansion into new markets, focusing on reaching audiences in Europe and Asia by 2024.
Who invested in Shoeboxed
2 investors across 2 rounds
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Questions about Shoeboxed
Who invested in Shoeboxed?
Shoeboxed has 2 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Shoeboxed raised?
Shoeboxed has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did Shoeboxed last raise money?
Shoeboxed's most recent round on record is a Series B, in Jun 2011.
What does Shoeboxed do?
Shoeboxed is a internet company.
Where is Shoeboxed headquartered?
Shoeboxed is headquartered in Durham, US.
Which VCs invest in companies like Shoeboxed?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back internet companies at Shoeboxed's stage. Their profiles are linked below.
VCs backing internet startups at Series B
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