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Wanderful Media Grabs $9M

2013-05-22
LOS GATOS, CA, Online local discovery shopping company announced an additional $9 million in funding from existing investors.
Wanderful Media, an online local discovery shopping company, today announced an additional $9 million in funding from existing investors. This addition brings the company's total funding to $36 million and comes on the heels of the April launch of the completely reimagined Find&Save , an online community offering a comprehensive collection of local savings.

Wanderful Media is experiencing rapid growth with its Find&Save product, now available in all 50 of the top 50 designated market areas (DMAs). With Find&Save, Wanderful Media gives retailers a proven way to engage shoppers around local sales and products, with the intent of driving them across the threshold of retail stores. Find&Save provides shoppers a fun way to easily flip through all the latest sales in their area, keep track of what they need, and want, and share their discoveries with other shoppers wherever they are, via tablet, mobile or web.

"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," said Ben T. Smith, IV, CEO of Wanderful Media. "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."

With access to more than 100 million unique visitors per month throughout its network, Wanderful Media represents a media industry initiative to transform the $4 billion business of traditional advertising circulars through digital innovation " just as joint media ventures such as CareerBuilder and Cars.com strengthened the industry's position through the use of new technology.

About Wanderful Media
Wanderful Media is a Silicon Valley company reinventing local online discovery shopping. Providing reach into more than 80 percent of U.S. markets through trusted media brands, Wanderful Media helps retailers bring consumers into local stores and gives consumers the most convenient way to discover local merchandise. Wanderful Media is an independent company financed by a powerful group of media companies that includes 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. Wanderful Media is headquartered in Los Gatos, Calif.
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