Yonder Closes $2 Million Preferred Financing To Expand Leading Mobile Platform For Outdoor Enthusiasts

Board approves raising additional $1 million in seed funding

May 28, 2015, 13:00 ET from Yonder

WOODSTOCK, Vt., May 28, 2015 /PRNewswire/ -- Yonder, the leading outdoor recreation mobile app and platform for outdoor enthusiasts, has closed $2 million in seed funding, with the company's Board approving an additional $1 million to be raised. The company, Green Mountain Digital LLC, is now focused exclusively on expanding the Yonder platform to become the social infrastructure for the outdoor and adventure travel industries.

Since its launch in 2013, Yonder has quickly grown from a mobile app to the leading mobile platform for outdoor enthusiasts to connect and share adventures around the world. With one of the largest databases of user-generated multimedia for the outdoor and adventure travel industries, Yonder is poised to change the way people discover, share and plan their next adventure. The company's platform is already reaching in excess of 1 million outdoor enthusiasts by powering interactive Web experiences for brands and organizations including the National Forest Foundation, The North Face, Burton, Xanterra and more.

Yonder has closed $2 million in preferred equity led by Vermont Seed Capital Fund, Monster Worldwide and angel investors. The board has approved a plan to raise an additional $1 million to continue to accelerate the platform.

The company will use proceeds from the financing to further build-out the platform's infrastructure to better accommodate the rapidly growing community as well as maintain ongoing innovation of its Android and iOS products. The company will also integrate technology that will accelerate the deployment of partner brands into the platform and improve the overall infrastructure for monetization.

"In less than two years, Yonder has become one of the largest and most relied-upon social media resource for outdoor enthusiasts," said David Tyler, Chief Yonderer. "This round of financing will allow us to continue our mission of inspiring and enabling a love for the outdoors, as well as improve the relationship between outdoor enthusiasts and the outdoor and adventure travel industries."

Yonder is the leading outdoor recreation mobile platform and one of the largest online communities of outdoor enthusiasts in the world. The community-driven social platform is a tool that allows users to share geo-located and activity tagged multimedia, discover new places, plan trips and interact with others who have a passion for the outdoors. Yonder's community-sourced database includes more than 20,000 destinations across the United States making it one of the most comprehensive, accurate and up-to-date travel tools available. The Yonder platform also powers interactive Web experiences for the outdoor and adventure travel industries. More information is available at www.Yonder.it and on social media @YonderApp.

Contact:

Steve Honig


The Honig Company, LLC


818-986-4300


press@honigllc.com

 

SOURCE Yonder



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