MountainZone.com closed an initial round of venture capital funding last week, securing $300,000 which will be used to secure the company's outstanding assets from Quokka Sports Inc. MountainZone.com, which claims it has maintained a loyal base of 250,000 unique visits each month, is back in the hands of the company's original founders who purchased MountainZone.com's assets back when Quokka filed for bankruptcy in 2001. Current CEO Tim O'Mara and MountainZone.com chairman Skip Franklin told SNEWS that it is a bit like starting over with the advantage of a loyal readership. MountainZone.com has returned aggressively to its roots of covering adventures and expeditions (recent coverage of Everest was outstanding), which served to boost the worldwide appeal of the site. O'Mara also told SNEWS® that the company will remain focused on growing the site's content and expanding the business to serve the site's visitor needs and requirements.
Ibex lands venture capital funding, opens first retail store
Within a week’s time, Ibex received an influx of funding from North Castle Partners, a private equity firm focused on investments in consumer-driven product and service businesses, and opened its first retail store on historic Newbury Street in Boston. “We’ve been growing over ...read more