Beyond accelerating our growth, the additional funding enables us to further develop the three key pillars of ZOZI’s strategy: inspiration, commerce, and technology.
--TJ Sassani, CEO & Founder, ZOZI
San Francisco, CA (PRWEB) April 04, 2013
ZOZI, the leading brand helping consumers live an active lifestyle, today announced an additional $10 million in growth capital including equity on a Series B1 round as well as debt investment from top financial institutions. The additional capital brings the company’s lifetime equity financing to $17.5 million.
Since launch in April 2010, ZOZI has developed a marketplace that helps consumers Get Out There™ and live life to the fullest by discovering and purchasing local experiences across 21 cities in the US and Canada, getaways to dozens of countries, and gear products from trusted outdoor and lifestyle brands such as Marmot, Timbuk2, Smith, and more.
Investors joining this round include:
--Pritzker/Vlock Family Office
--Par Capital Ventures
--Silicon Valley Bank
--Dave Dolby, Chairman, Dolby Labs
--Thomas Lehrman, Co-founder of Gerson Lehrman Group
--Jason Finger, Founder of Seamless
--Tom Christopoul, Falcon Head Capital
--Larry Bock, Founder of 17 companies,16 public with a $30B+ market cap
--Doug Joon Lee, Former CFO of Gmarket (Acq: eBay $1.2B)
--John DeMayo, SVP Marketing, ZOZI; Founding Exec, Adchemy; Advertising.com (Acq: AOL $495M)
“Beyond accelerating our growth, the additional funding enables us to further develop the three key pillars of ZOZI’s strategy: inspiration, commerce, and technology. Our customers seek a trusted source to help them with discovery and curation of the most authentic experiences and the latest gear products, while our merchants seek an on-brand channel to find large numbers of targeted new customers who will become repeat buyers and refer their friends,” said TJ Sassani, CEO & founder, ZOZI. “By continuing to connect our active lifestyle customers with the best curated products, further integrating our celebrity Guru team, and enhancing our technology for both merchants and customers, we will further disrupt the experience and activity segment of the economy.”
In 2013, ZOZI will focus on more deeply integrating its world-class celebrity expert team (ZOZI Gurus), increasing the quality and breadth of its products across local experiences, getaways, and gear, and implementing new technologies to improve the customer and merchant booking experience. The company will make several significant announcements throughout the year related to these plans.
“With this new funding, and some of the most innovative and respected thought leaders in our market behind the company, we will continue to leverage our brand, technology, and ideas to challenge conventional wisdom and bring a fresh perspective to an otherwise underdeveloped market.”
ZOZI helps its customers live an active lifestyle and lives at the intersection of inspiration, commerce and technology. On ZOZI, you can discover and book unforgettable experiences that are around the corner, or around the world and find the Gear needed to Get Out There™. Each experience featured on the site is curated by a team of in-house experts; such as full-moon kayaking, wine tasting and vineyard touring by bike, surfing and relaxing in a private coastal villa, snowboarding the Jackson Hole backcountry with three-time X-Games Gold Medalist and Creator of Art of Flight, Travis Rice, and more. ZOZI’s local experiences are live in 21 cities in the US and Canada and offers getaways to dozens of countries. ZOZI is headquartered in San Francisco. For more information, visit http://www.zozi.com.
For additional information, contact:
Public Relations Manager, ZOZI