Mailprotector’s Channel Partners to Benefit from $5 Million Funding Boost

Mailprotector, the email security, management and hosting provider, has raised $5 million in growth equity funding from Ballast Point Ventures (BPV).

MailProtector’s portfolio of services is sold exclusively through the channel to businesses, government and nonprofits globally. The company will use the funding to accelerate product development, grow sales and marketing efforts, and expand services to its network of MSPs.

David Setzer, Mailprotector’s CEO, tells us his company goes to market through MSPs, VARs, ISV and VADs.

Mailprotector’s David Setzer

“This funding means we will have substantially more resources to enhance our current product set and launch new products like Bracket more quickly,” he said. “It also means we will be able to continue to resource our top-ranked service, and provide our partners with more sales and marketing tools.”

The company has more than a decade of experience providing email solutions to organizations globally. As a cloud-based email security, compliance, encryption and hosting platform, Mailprotector’s solution is engineered with partners’ management needs as a “top priority,” according to the company.

Mailprotector’s stack includes CloudFilter, SafeSend, SecureStore, XtraMail, CloudMail, Exchange+ and Bracket, the company’s patent-pending flagship email encryption product.

“We feel our product philosophy of high-security simplicity gives us an advantage,” Setzer said. “This funding will allow us to more fully develop that philosophy through our product set and partner management tools. From our association with GetChanneled, we have [more than] doubled our partner base in the last few years without sacrificing service. We expect an even greater level of growth moving forward.”

Nothing is changing in regard to Mailprotector’s partner commitment,” Setzer said.

“This was a paramount in our discussions with potential investors, which is why we were thrilled to find Ballast Point, who respects and values those partner relationships,” he said. “So much so that they have also recently invested in a Tampa-based MSSP, Abacode.”

“BPV has a long history of supporting high-growth software companies throughout the Southeast, and we have been impressed with David and his team as they have built industry-leading email security tools with limited outside capital investment,” said Robert Faber, partner at BPV, who will join Mailprotector’s board of directors.