Utah-based peer-to-peer rental startup Yoodlize recently opened its first round of funding through the online crowdfunding platform Wefunder.
“Yoodlize created a strong, active customer base with 1,200 listings and 3,000+ users in the Provo/Orem, Utah area in the past year,” said Jason Fairbourne, founder and CEO of Yoodlize. “Now it’s time for us to expand Yoodlize across the Wasatch Front and beyond. People love the idea that they can make extra money by renting out their stuff or save money by renting the things they need from their neighbors; now it’s just a matter of getting some funding to help get the word out.”
Unlike traditional venture capital firms, Wefunder allows investments of as little as $100 to be made by anyone interested in owning a small stake in a company. The investment platform enables companies like Yoodlize to give its most passionate customers the opportunity to be part owners and contribute to future success.
“Yoodlize is a peer-to-peer app made for local communities and supported by locals, so it makes sense for us to allow those community members to have a tangible impact on our growth,” said Fairbourne. “We expect many of our current users to invest and are excited to open the investment up to anyone else who sees the value in owning less stuff and instead having more experiences.”
Those interested in investing in Yoodlize can visit wefunder.com.