What is FileThis?
FileThis provides an easy-to-use portal designed to safely fetch and organize essential documents, including bills, bank statements, medical records, and insurance policies. By eliminating paper waste and the need for physical filing cabinets, FileThis manages household and office paperwork, offering anywhere access to a quick-search digital paper trail. This is crucial for tasks like tax preparation, insurance claims, and personal record-keeping. Accessible via web browser, mobile device, or tablet, FileThis offers flexible storage options, including local PC storage, the FileThis Cloud, or popular cloud services like Google Drive, Dropbox, and Evernote, making paperless organizing both simple and affordable.
How much funding has FileThis raised?
FileThis has raised a total of $4.9M across 4 funding rounds:
Private Equity
$1.4M
Series A
$1.5M
Private Equity
$1.4M
Debt
$650K
Private Equity (2010): $1.4M, investors not publicly disclosed
Series A (2014): $1.5M led by Geekdom Fund, Valeo Financial Advisors, and Pitney Bowes
Private Equity (2014): $1.4M, investors not publicly disclosed
Debt (2016): $650K, investors not publicly disclosed
Key Investors in FileThis
Geekdom Fund
Geekdom Fund is a venture capital firm dedicated to connecting entrepreneurs with investors, providing significant support and resources to portfolio companies. They focus on delivering results, with an average of assistance provided every 51 minutes, and have a track record of helping companies raise funding at a rate three times higher than the industry average. Their notable co-investors include top-tier venture capitalists and angel investors, enhancing their credibility and network. The firm targets startups with high growth potential, aiming to transform them into successful enterprises.
Valeo Financial Advisors
Valeo Financial Advisors provides fee-only, independent, financial planning and investment advice, focusing on a client's entire financial picture.
Pitney Bowes
Pitney Bowes Inc. provides customer information management, location intelligence, and customer engagement technology products and solutions across the United States and internationally. The company operates through three primary segments: Small & Medium Business Solutions, Enterprise Business Solutions, and Digital Commerce Solutions.
What's next for FileThis?
The recent major strategic investment in FileThis suggests a focus on scaling operations and expanding market reach. With a clear value proposition in simplifying document management and providing secure digital access, the company is well-positioned to capitalize on the growing demand for paperless solutions. Future developments may include enhanced integrations with financial institutions and cloud storage providers, as well as the introduction of advanced features for business users. This strategic financing is likely to fuel product development and marketing initiatives aimed at solidifying FileThis's position as a leader in the digital document organization space.
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