SkyPostal Inc.

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.

Investment Date: May 17, 2010; May 19, 2011
Type of Investment: Senior Convertible Debt
Board Representation: Board Control
Funding Need: Build and expand SkyPostal's PuntoMio U.S. address business.

Investment Overview:

  • 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.

Investment Highlights:

  • 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

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