LONDON, July 29, 2014 /PRNewswire/ --
Yonder & Beyond* (Y&B), a global tech incubator, launches today, having raised an initial $1.5m for its portfolio of tech-based startups, delivering innovative services predominantly across mobile. Headed by British tech investor Shashi Fernando, former CCO and Executive Director of HTC Corporation, Y&B aims to create a world leading global digital service incubator with a pedigree in mobile, content and technology, and is based in London, Perth and LA. Y&B has just announced a deal that will lead to its listing on the the Australian Stock Exchange (under the stock ticker QRL:ASX) in the coming months.
Y&B initially houses four businesses that it has incubated for over a year:
- Prism Digital - a fast growing digital recruitment agency that also supports portfolio companies.
- Boppl - a cutting edge mobile ordering and payment service
- Wondr - content sharing and social networking with emphasis on privacy
- Gophr - a service that revolutionises the delivery process
Y&B's mission is to act as an incubator with an emphasis on providing operational support to accelerate new and disruptive services. Y&B seeks to provide businesses with more efficient and data driven tools as well as access to global partners and consumers with practical and intuitive solutions to their every-day needs. The services that are being nurtured within Y&B all have operational and consumer synergies enabling them to create a halo effect around one another.
CEO Shashi Fernando said: "Our mission is to identify, incubate and build up exciting and disruptive teams and businesses that have the potential to make a difference on a global scale. One of the biggest problems faced by startups is the skills gap, the lack of real experience growing new services at speed as well as limited global relationships and partnerships. Y&B's portfolio companies benefit from a management team that have that have delivered on deals and launched products across the world with countless operators, manufacturers and media and entertainment companies."
"We aim to offer operational support to strengthen each startup's offering and bring them to market quicker. With this approach we enable early stage businesses to maintain focus on developing superior products that will get access to market through Y&B's relationships."
As part of its ASX re-compliance process Y&B is securing additional funding of $5 million in 12 weeks to accelerate the growth of its existing and future portfolio companies.
*Yonder & Beyond The listing is currently filed under QRL:ASX - to be renamed Yonder & Beyond.
About Yonder & Beyond Yonder and Beyond is a one of a kind incubation company, built of exceptional proven C-level executives and entertainment industry leaders, who are evolving the concept of incubation and investment to daily "hands on" delivery, input and extensive business support. The team have a track record of creating world-class technology solutions and growing businesses from start up to exit.
SOURCE Yonder & Beyond (Y&B)