Online Local Discovery Company Wanderful Media Raises $9 Million
Wanderful Media is an online local shopping company that has raised an additional $9 million in funding from existing investors. The company has raised a total of $36 million. Last month, Wanderful Media relaunched their Find&Save, which is an online community that offers a collection of local savings. The Find&Save product is now available in all 50 of the top 50 designated market areas (DMAs).
“The retail and shopping landscape is evolving and Wanderful Media’s decision to ‘double-down’ on mobile and social has pushed us to the forefront of innovation in this area,” stated Wanderful Media CEO Ben T. Smith IV. “The latest round of funding emphasizes the continued enthusiasm from our core group of investors in the market potential and in our overall product strategy.” Wanderful Media has access to over 100 million unique visitors per month.
Wanderful Media gives retailers a way to engage shoppers around local sales and products with the intention of driving them across several retail stores. Find&Save gives shoppers a fun way to flip through all the latest sales in their area.
Based in Los Gatos, California, Wanderful Media that is aiming to reinvent local online discovery shopping. Wanderful Media helps retailers bring consumers into local stores and enables consumers a way to discover local merchandise. Wanderful Media is an independent company that has funding from several media companies including Advance Digital, A. H. Belo Corporation, Community Newspaper Holdings Inc., Cox Media Group, The E. W. Scripps Company, Gannett Co. Inc., GateHouse Media Inc., Hearst Corporation, Lee Enterprises, MediaNews Group, The McClatchy Company, and The Washington Post Co. In September 2012, we wrote about how Wanderful Media raised $22 million.This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry