Yoodlize Raises $800K in Pre-seed Funding
Summary
This investment is the first infusion of capital, and largest to date, for the Utah-based tech startup since its crowdfunding campaign raised $223K in June 2021, as covered by TechBuzz, which includes a video of CEO, Jason Fairbourne, discussing the company. Fairbourne is pictured above with his wife and co-founder, Natalie Fairbourne, CPO of the company.The pre-seed money will be used to help the company further develop its online platform, which allows people to rent almost anythingincluding outdoor gear, sporting goods, tools and party equipmentto and from others. Owners earn extra cash putting their otherwise unused belongings to work, and renters get affordable access to a limitless catalog of items and experiences. So many people have so many things sitting idle in their homes that they could be monetizing by renting out on the Yoodlize app. This cash infusion will help us reach owners who are interested in making money on their existing assets and renters who want to access those assets affordably, conveniently and securely, all while contributing to a more sustainable environment.Yoodlize launched in 2019 in Orem, Utah, and has steadily grown to over 10,000 users.