How The Clymb outdoor enthusiasts startup raises $2 million from J Allard and others?
The Clymb, the industry-leading venue for connecting premium outdoor enthusiasts, athletes and professionals, announced that it closed more than $2 million in Series A funding, led by the Oregon Angel Fund and Walden Venture Capital, and joined by J Allard and individual investors. The board consists of Art Berliner, managing director of Walden; J Allard, a former Microsoft executive; and Chairman Drew Smith, a representative of OAF and a former managing director with Intel Capital. “This is not just another deal-of-the-day kind of business,” Berliner tells peHUB. “We see a lot of early stage ecommerce businesses, but The Clymb has developed excellent relationships with its vendors which will set it apart in the outdoor gear category.” Former Microsoft design guru and Xbox executive J Allard is backing a Portland-based company called The Clymb, whcih offers flash sales of outdoor gear.
The Clymb is a private member network for dedicated outdoor enthusiasts, athletes, and professionals. Whether you clymb, hike, run, ride, paddle or ski, The Clymb has you covered with the gear you need from the planet’s most sought-after outdoor brands.
The Clymb brings members world-class apparel, footwear, and equipment at prices as low as 70% off during 3-day online sale events. Because of limited quantities and incredible pricing, these deals are only available to members.
PRESS RELEASE
The Clymb announced today that it closed more than $2 million in Series A funding, led by the Oregon Angel Fund and joined by Walden Venture Capital, J Allard and individual investors. The financing will elevate The Clymb’s leadership in the outdoor flash sale market and further support its mission to inspire human-powered adventure by delivering exclusive savings on gear and experiences. Members can look forward to:
An expanded network of brand partners to support a broader range of outdoor experiences
Enhanced social shopping features to share experiences and gear tips through social media channels while earning rewards
Opportunities to put gear to use in the outdoors through curated offers
The Clymb is the first private sale site to cater to the $46 billion outdoor lifestyle market and has grown tremendously since launching in 2009. Today, the company has:
A membership base of several hundred thousand, growing by thousands each day thanks to a high percentage of member referrals
More than 1 million monthly unique visits from active and prospective members
Partnerships with more than 150 leading outdoor brands, including Arc’Teryx, Burton, KEEN Footwear, Mountain Hardwear and Salomon
The Clymb is carving out a niche vertical in the rapidly growing flash sale market – predicted to reach $6 billion by 2015 (BIA/Kelsey). The Clymb is led by an expert team with a seasoned history in the active lifestyle space working with brands such as: adidas, backcountry.com, KEEN, Levi’s, Nike, Salomon and The North Face:
Cofounder and Chief Merchandising Officer Cec Annett is a former rocky mountain ski instructor who went on to lead Airwalk’s category expansion in the 1990s and later became vice president of adidas North America
Cofounder and Chief Communications Officer Kelly Dachtler is a lifelong cyclist and snowboarder who has held executive creative roles for Merrell and Liz Claiborne, and was instrumental in the multi-billion dollar success of the Mossimo brand for Target Corp.
Director and Investor J Allard is a technology visionary and thought leader best known for creating the Xbox and was most recently the SVP of Microsoft, and Chief Experience Officer and Chief Technology Officer (CTO) for Microsoft’s Entertainment and Devices Division
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