doo.net Announces Beta Launch And Series A Funding, Bringing Investment Total To $10 Million

- doo.net automatically collects documents from multiple sources, intelligently organizes and securely archives them

NEW YORK and BONN, Germany, June 15, 2012 /PRNewswire/ -- doo.net today announces the open-beta launch of the first cloud-based service that collects documents from multiple sources and intelligently organizes and stores them in a single, secure place. The native app for OS X is now available for download and the Windows 8 Metro app has been submitted to the Windows 8 store. Apps for iOS, Android and other platforms, as well as integration for Google Docs, will be launched in the coming weeks. With doo.net's native apps, documents are self-organized and accessible on all relevant platforms in a readily available alternative to the disparate search, file sharing and other collaboration services currently available. Now, documents are easier than ever to find, work with, and share with family, friends and colleagues.

(Logo: http://photos.prnewswire.com/prnh/20120615/SF25177LOGO)

doo.net has also announced that it has raised a new round of Series A funding, which boosts the company's total investments to $10 million. The round is led by Target Partners, who join DuMont Venture, e42 Ventures and prominent angel investors, including Lars Hinrichs, founder of Xing and HackFwd, and Professor Dr. Dres. h.c. Hermann Simon, the Simon-Kucher & Partners founder and chairman who's been dubbed "The Peter Drucker of Europe."

doo.net automatically collects documents from your hard drive as well as from online services such as your email account via IMAP integration to allow importing of documents from attachments. The documents in doo.net are automatically and smartly organized through intelligent proprietary algorithms – including Optical Character Recognition, keyword and date extraction – to organize and tag documents. Once tagged, doo.net organizes the documents by intuitive tag categories such as people, organization, place, and document type, making your documents a cinch to locate. This enables powerful search capabilities where users can enter single or multiple keyword combinations to effortlessly find and instantly view and edit documents. Every version of each document – whether an invoice, receipt, contract or insurance policy – is backed up and secured with technologies such as OAuth 2.0 authentication and continual encrypted communication and storage. And, since all of the apps are native, doo.net lets you find the right documents in seconds.

"Consumers have enthusiastically adopted cloud-based document storage and sharing solutions, but until now there has been no way to collect all documents in one central place and intelligently organize them based on their content," said Frank Thelen, doo.net's co-founder and CEO. "With doo.net, we remove clutter while helping you make sense of your documents."

Founders Thelen, Marc Sieberger and Alex Koch have a proven track record of creating disruptive businesses in industries dominated by established companies and in designing innovative products and services inspired by their own personal challenges. Thelen, a perpetual list maker who co-created the Wunderlist productivity management tool, came up with the idea of doo.net in response to his wife prodding him over the growing stacks of unpaid paper invoices collecting on his desk. His response: start a company that aimed to not only make paper documents a thing of the past, but one that organized, easily located and secured all of his documents.

"We're delighted that our vision has been endorsed by such high-profile investors and with such significant financial backing," added doo.net's co-founder and COO/CFO Sieberger.

"The proliferation of apps, devices and communications tools has exponentially increased the number of digital documents a consumer has to handle; and that doesn't even take into account all the paper-based documents they are still managing," said Olaf Jacobi, Partner at Target Partners and newly-appointed board member at doo.net. "With doo.net, there is now a single solution for organizing this important information. It is this market positioning, backed up by proven technology and an experienced team, that inspired us to invest in the company."

Pricing and Availability

The service launches its beta version today with an app for OS X. A Windows 8 Metro app has been submitted to the Windows 8 store and native apps for iOS, Android and other platforms will be launched in the coming weeks. doo.net is free and available to everyone at www.doo.net. For cloud-based storage with backup and syncing, a "freemium" pricing model applies. For more details: www.doo.net.

ABOUT DOO.NET

doo.net is the first cloud-based solution for consumers and small businesses that collects, intelligently organizes and secures all of a users' documents, which can be found and accessed in a matter of seconds. Sharing and collaborating with colleagues, friends and family is made easier than ever with doo.net's native apps. doo.net was founded in June 2011 by serial entrepreneurs Frank Thelen, Marc Sieberger, and Alex Koch. The company is headquartered in Bonn, Germany, with 40 employees. 

Media Contact:
Paul Brady
Consort Partners
doo@consortpartners.com
Tel: +1-646-492-2777

doo GmbH
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