SkyPostal Inc. helps non-U.S. residents shop on U.S. merchant websites by providing customers with a U.S. address and offering affordable international delivery.
May 17, 2010; May 19, 2011
Type of Investment
Senior Convertible Debt
Build and expand SkyPostal's PuntoMio U.S. address business.
◉ Market Need: 90% of U.S. online merchants do not ship to Latin America, one of the world’s fastest-growing regions.
◉ Product Viability: Management’s prior business, SkyBox, successful; SkyPostal Inc. already a $10M/year business.
◉ Experienced management
◉ AJ and Albert Hernandez pioneered this business model, selling their previous company, SkyBox, to Lan Chile Airlines in 2004
◉ Proven business model
◉ Growth from 4,000 to 29,000 box holders in one year
◉ Mitigated risk
◉ Customs licenses; established delivery network
◉ Board Control
◉ Multiple Exits
◉ Sell to large strategic buyer
◉ Existing public market: convert debt, sell stock