• Local-Activity Site Zozi Lands $3 Million Series A From 500 Startups And Zig Capital

    Monday, August 30th, 2010

    Erick Schonfeld is a technology journalist and the former Editor in Chief of TechCrunch. At TechCrunch, he oversaw the editorial content of the site, helped to program the Disrupt conferences and CrunchUps, produced TCTV shows, and wrote daily for the blog. He joined TechCrunch as Co-Editor in 2007, and helped take it from a popular blog to a thriving... → Learn More

    Last April, adventure travel marketplace EkoVenture, relaunched as Zozi, with a focus on a local activities instead of exotic travel. Shifting the focus to promoting deals on local activities such as kayaking in San Francisco Bay, cocktail classes in Atlanta, or floating down the Delaware river in an innertube is aimed at reaching a broader class of consumers.

    The company just closed a $3 million series A investment. ZIG Capital, Dave McClure’s 500 Startups, LaunchCapital, and individual angels including Larry Bock and Dave Dolby.

    While Zozi isn’t limited to deals, it does work with local activity vendors to give Zozi members a discount. Right now it is giving away $500,000 worth of activities as a promotion. But Zozi wants to differentiate itself from general daily local deal sites like Groupon by zeroing in on activities and vetting them. It offers a 100 percent money back guarantee if you don’t enjoy the experience.

    Company: zozi
    Website: zozi.com
    Funding: $11.3M

    We’re in the business of inspiring people to live life to the fullest. Maybe you’re a novice outdoorsman (or woman) and looking to learn new mountaineering skills, or #59 on your bucket list: “hang-gliding to a beach picnic” hasn’t been crossed off yet. Perhaps you’ve always wanted to make that fantastic Thai curry dish, but just need that little nudge to get started. We believe that there is beauty in opening yourself to new frontiers - no matter what it...

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    Financial-organization: 500 Startups
    Website: 500.co
    Launch Date: April 1, 2010

    500 Startups is an early-stage seed fund and incubator program located in Mountain View, CA. They invest primarily in consumer & SMB internet startups, and related web infrastructure services. Their initial investment size is typically $25K-$250K. Selected areas of interest include financial services & e-commerce, search/social/mobile platforms, personal & business productivity, education & language, family & healthcare and web infrastructure.

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    Financial-organization: ZIG Capital
    Website: zigcapital.com

    ZIG Capital is an early stage venture capital and investment firm founded by entrepreneurs for entrepreneurs. We seek a clear idea, a big opportunity, and a big problem worth solving. We empower passionate and proven entrepreneurs with capital, connections and a cutting edge consultancy. We actively engage with our portfolio companies and entrepreneurs at all levels of development. We value a portfolio of entrepreneurs and ideas that complement one other synergistically.

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