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71 Pounds

Description

Developer of a shipping-monitoring software. The company provides an online platform that monitors FedEx and UPS parcel shipments and enables customers to collect late-shipment refunds owed to them via the FedEx and UPS money-back guarantee.

2011

Founded

PRIVATE

Status

11-50

Employees

Early Stage VC

Latest Deal Type

$2.3M

Latest Deal Amount

$2.75M

Total Amount Raised

Description

Developer of a shipping-monitoring software. The company provides an online platform that monitors FedEx and UPS parcel shipments and enables customers to collect late-shipment refunds owed to them via the FedEx and UPS money-back guarantee.

Website:

www.71lbs.com

Ownership Status

Privately held (backing)

Financing Status

Venture Capital-Backed

Primary Industry

Business/Productivity Software

Other Industries

Logistics

Primary Office

7900 Nova Drive Suite 208 Fort Lauderdale, FL 33324United States +1 (954) 400-7194
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71 Pounds Valuation and Funding

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Deal TypeDateAmountRaised to DatePost-ValStatusStage

71 Pounds Investors (10)

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Investor NameInvestor TypeHoldingInvestor SinceParticipating RoundsBoard
Seat
Contact
Info
Fifth Avenue AdvisorsVenture CapitalMinority000 0000000 0000
IDEA Fund PartnersVenture CapitalMinority000 0000000 0000
Individual InvestorAngel (individual)Minority000 0000000 0000
Kevin HenriksonAngel (individual)Minority000 0000000 0000
LinkedInCorporationMinority000 0000000 0000
Fifth Avenue Advisors Venture Capital
IDEA Fund Partners Venture Capital
Individual Investor Angel (individual)
Kevin Henrikson Angel (individual)
LinkedIn Corporation

71 Pounds Executive Team (4)

NameTitleBoard
Seat
Contact
Info
Jose LiFounder and Chief Executive Officer
Marc BernsteinDirector, Operations
Veronica MonroyManager, Marketing
Ellen RileyVice President, Sales & Chief Problem Solver
Jose Li Founder and Chief Executive Officer
Marc Bernstein Director, Operations
Veronica Monroy Manager, Marketing
Ellen Riley Vice President, Sales & Chief Problem Solver

71 Pounds Board Members (2)

NameRepresentingRoleSinceContact
Info
John CambierIDEA Fund PartnersBoard Member000 0000
Troy HenikoffSelfBoard Member000 0000
John Cambier Board Member IDEA Fund Partners
Troy Henikoff Board Member Self
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