Wrapify's Speedy Success Leads to Early EvoNexus Graduation

Tech Company blends crowdsourcing and sharing economy with on-vehicle advertising; breakout first month accelerates startup incubator exit

Aug 25, 2015, 10:00 ET from EvoNexus from ,Wrapify

SAN DIEGO, Aug. 25, 2015 /PRNewswire-USNewswire/ -- Wrapify, the revolutionary technology company that blends crowdsourcing and the sharing economy with on-vehicle advertising, has seen such unprecedented breakthrough success in its first weeks that the company is graduating from tech startup incubator EvoNexus significantly ahead of schedule.

The innovative advertising platform connecting drivers and brands to create powerful and memorable out-of-home advertising has already gained 2,000 drivers in less than 3 months. Wrapify's breakout success means they are graduating from EvoNexus with two offices and $1 million in funding.

"It's beyond gratifying to see our idea embraced and validated so swiftly in the marketplace," said Wrapify CEO James Heller. "We owe EvoNexus great thanks for their support and encouragement as we seek to change the world of out of home advertising; it will not be forgotten."

Wrapify empowers drivers to monetize one of their primary material assets: Their car. 

The first ad platform with an iOS application that creates economic value to consumers, Wrapify's unique proprietary technology bridges the gap between drivers and advertisers. Drivers earn extra cash GPS technology tracks their daily commute and other travels, paying them by the mile, while advertisers reach 20x as many potential customers as traditional billboards.

"Wrapify has put the ubiquitous vehicle advertising bumper sticker and magnetic signage on steroids, and invented a new business model. Their unique vehicle wrap ad and GPS location based business model has gained compelling traction very fast. We were thrilled to have them in EvoNexus and be a part of their fast growth," said Rory Moore, CEO & Co-Founder of EvoNexus.

Wrapify vehicles are currently on the road in San Diego and San Francisco, and will launch later this summer in Los Angeles, Orange County and Atlanta. More than 1,800 drivers have signed up and the platform already supports advertisers including Petco, Coldcock Whiskey, HomeHero, Captiv8.io and Unreel.io.

About Wrapify
Wrapify is a disruptive advertising platform connecting drivers and brands to create powerful on-vehicle advertising. Through its proprietary mobile application and technology, Wrapify gives drivers an easy source of extra income, plus the power of choice of advertiser and "look," while offering brands the security of control and trackable results.

For more information, visit wrapify.com.

About EvoNexus
EvoNexus is a technology incubator and hub for Southern California's startup and entrepreneurial community with locations in San Diego and Irvine. Applications to join the incubator are open until August 31st. EvoNexus is able to be the premier incubator in Southern California thanks to the support of the Irvine Company.

For more information, visit www.evonexus.org.

CONTACT: EvoNexus: Chris Norris, 720-648-1473, cnorris@commnexus.org; Wrapify: James Heller, j@wrapify.com, 858-349-6394

 

SOURCE EvoNexus; Wrapify



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