Yesterday, Foundry Group — one of the most progressive and influential venture capital firms in the business — announced it was backing bounce.io as the lead in the startup’s Series A round of funding. Foundry was joined in the round by SK Ventures (Defrag’s Eric Norlin and economic savant/ladder enthusiast Paul Kedrosky).
Bounce.io is an example of one of those invisible-hand companies. They make bounced email better. And they found a way to not only monetize the long-ignored, 30-year old problem, but also use it as an opportunity to reduce spam and increase digital security.