Wanderful Media raises $14.5 mln

Wanderful Media said it raised $14.5 million from existing investors. Previous investors include the media companies Advance Digital, A. H. Belo Corporation, Community Newspaper Holdings Inc., Cox Media Group, The E. W. Scripps Company, Gannett Co., Inc., GateHouse Media, Inc., Graham Holdings Co., Hearst Corporation, Lee Enterprises, MediaNews Group and The McClatchy Company.

The new round brings the total raised by the company since September 2012 to $50.5 million. Wanderful Media runs the Find&Save shopping site and apps.

PRESS RELEASE

Wanderful Media Accelerates Momentum with Added $14.5M Funding

Cumulative funding now more than $50M from major media companies

Announces new Find&Save Android app for finding nearby sales

LOS GATOS, Calif. – April 28, 2014 – Wanderful Media™, the company behind Find&Save®, today announced $14.5 million in additional funding from existing media company investors. The new round brings the total funding to $50.5 million since the company’s launch in September 2012.

The company also announced the launch of Find&Save for Android, which joins its existing apps for iPad and iPhone. The news comes on the heels of the one-year anniversary of launching the reimagined Find&Save. The new funding will help fuel future growth and innovation for Find&Save apps.

“Wanderful Media is a great revenue opportunity for the media industry as we partner together to leverage today’s technology for future growth,” said Mark Aldam, president of Hearst Newspapers, a senior vice president and director of Hearst Corporation, and member of the Board of Directors for Wanderful Media. “We are pleased with the tremendous progress Wanderful Media has made, and we’re looking forward to the upcoming opportunities Find&Save will bring to the industry.”

New Android App
Find&Save for Android is now available in the Google Play store. With the Android version of the mobile app, shoppers can swipe through weekly ads in a page-flipper layout, and tap on items for the product detail page.

Find&Save provides a comprehensive collection of nearby sales and products. Across all browsers and apps, shoppers can browse through local offers, create and view their shopping list and share deals with friends. Find&Save features local and national offers from more than 400 retailers at 150,000+ store locations across the country.

Company Momentum
Since the launch of Find&Save one year ago, Wanderful Media has seen strong momentum in new retail and content delivery partnerships, growth into new regional markets and the opening of a new Silicon Valley-style office in downtown Chico, Calif.

Product momentum over the past 12 months includes:
·       A reimagined Find&Save rolled out across newspaper websites across the country, and the launch of FindnSave.com.
·       New Find&Save apps for iPad and iPhone, where shoppers can find sales nearby, browse mobile circulars and access shopping lists on the go.
·       New partnerships with major retailers include the development of mobile offers to local shoppers based on their location.

“It has been an exceptional year for Wanderful Media, highlighted by positive reviews for Find&Save and tremendous growth of our mobile and tablet apps,” said Ben T. Smith, IV, CEO of Wanderful Media. “We have effectively reimagined circulars for the digital, mobile and social age, and as a result Find&Save has quickly become a strategic partner for retailers to retain and grow in-store sales, and an attractive option over Amazon and other e-commerce sites. We’ve come a long way in the last year alone, but we’re just getting started.”

About Wanderful Media
With access to 100 million unique visitors per month throughout its online network – plus millions more through mobile offerings – Wanderful Media is helping retailers by engaging shoppers around local sales and products, with the intent of driving shoppers across the threshold of retail stores. The company owns and operates Find&Save, a comprehensive collection of local sales available on FindnSave.com and on newspaper sites across the country in all 50 of the top 50 DMAs (designated market areas). Find&Save is also available on apps for iPad, iPhone and Android devices.
Wanderful Media is an independent company financed by a diverse group of 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., Graham Holdings Co., Hearst Corporation, Lee Enterprises, MediaNews Group and The McClatchy Company. For more company information, visitwww.wanderful.com.

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