Total Investment Into German doo.net at $10 Million

doo GmbH 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 find, work with, and share with family, friends and colleagues.

The company 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 GmbH, who join DuMont Venture Holding GmbH & Co. KG, e42 Ventures GmbH and 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 are automatically and organized through intelligent proprietary algorithms – including OCR, keyword and date extraction – to organize and tag documents.

Once tagged, doo.net organizes the documents by tag categories such as people, organization, place, and document type, making your documents a cinch to locate. This enables search capabilities where users can enter single or multiple keyword combinations to find and 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 track record of creating disruptive businesses in industries dominated by established companies and in designing products and services inspired by their own personal challenges. Thelen, a 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, 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."

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. For cloud-based storage with backup and syncing, a ‘freemium"’ pricing model applies.

About doo.net
I’s is a 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. The company was founded in June 2011 by serial entrepreneurs Frank Thelen, Marc Sieberger, and Alex Koch and is headquartered in Bonn, Germany, with 40 employees.