SNOWVATION BRINGS TOTAL FUNDING TO $1.2 MILLION FOR ACTIVITY EXPANSION & EUROPEAN MARKETS
New Clients in Switzerland and Additional Capital Raised
Denver, Colorado x 4 Vallées, Switzerland, June 21, 2018 -- Snowvation, the leading activity booking & management platform company for the Mountain industry, today announced that it has secured an additional $700,000 investment bringing its total capital raised to nearly $1.2 million. The investment was made by Ben Franklin Technology Partners, Nelnet, Revelis Capital Group, Nebraska Angels, and several other independent investors & family offices. With news of the raise comes expansion to Switzerland for the company and its quickly-growing platform. The company has announced 2 clients in Switzerland operating at Verbier Resort, Nendaz Resort, and Zermatt Resort. "Snowvation is providing resorts with best-in-class solutions to address the fundamental challenge of how to cater to an increasingly millennial demographic. The ski resort industry is ripe for an update, and we believe Snowvation is well positioned to capitalize on the opportunity" said Oliver Hopkinson, Co-Founder at Revelis Capital Group.
“Snowvation was built to help consumers better engage with and access ski resorts, and to help resorts streamline their operations. Now, we’ve grown to help dozens of destinations and activity providers across 4 continents manage and book everything from ski & snowboard lessons to zip-line tours, mountain bike guides, snowtubing, and beyond” said Michael Stocker, Founder & CEO at Snowvation. “In the 2017-18 Winter Season, we processed over 10,000 e-commerce transactions for our partners, with some resorts pre-booking nearly 40% of their total season revenue before December 1. This latest capital raise enables us to continue expansion beyond e-commerce & management technology into smart pricing, digital engagement, and third party distribution. Above all, our customers will remain instrumental to the product’s continued evolution.”
Snowvation, which already serves clients across the U.S., Japan, New Zealand, Chile, and Canada, has partnered with Matterhorn Diamonds and AlpineMojo Ski School, both located in the Swiss Alps. Both ski schools, operating in the largest concentration of the mountain industry globally, were searching for ways to stand out against their competition, and for tools to empower their guests and to build brand loyalty.
“Snowvation will enable the guest to have a much clearer, faster and slicker online booking process than we’ve had in the past” said Rowena Phillips, Director at Matterhorn Diamonds in Zermatt, Switzerland. “I believe the ski industry is just starting to embrace new technologies and there is so much scope for innovation. Using an integrated platform like Snowvation, with the extensive functionality it offers will act as a launchpad for Matterhorn Diamonds to expand and create, being supported by technology rather than run by it.”
“It’s great to partner with Snowvation and leverage a platform that has been built by a team of people who are passionate about the sport and have identified a real gap in the industry. Snowvation has not just created a solution, but a whole new experience both for the clients and resorts” added Eliott Gates, CEO at AlpineMojo.
Founded in 2016, Snowvation is the largest and fastest growing activity booking platform for the Mountain Industry. Snowvation is a venture-backed company that empowers dozens of Mountain Destinations across Europe, the United States, Asia, and South America, to better engage with their guests. Snowvation's best-in-class activity booking platform enables destinations to offer a seamless e-commerce experience powered by a robust real-time scheduling, payroll, and management tool.
About Matterhorn Diamonds
Matterhorn Diamonds is a small bespoke ski school offering only private tuition in Zermatt, Switzerland. All our full-time instructors are fully qualified, very experienced and know every inch of the mountains around Zermatt. Our promise is a safe environment, tailored learning and maximum enjoyment.
Alpinemojo Ski School based in Verbier and Nendaz, provides high quality ski and snowboard lessons for beginners to advanced, from experienced qualified ski instructors and snowboard instructors who know the 4 Vallées like the back of their hand. Our instructors know where to go, and when to go to ensure you have a fabulous day to remember, whether it’s skiing or boarding in the best places & finding the best conditions or eating in the most sought after mountain restaurants.
About Revelis Capital Group
Revelis Capital Group, LLC ("Revelis") is a family office-backed private investment firm with offices in Denver and Aspen, Colorado, focused on providing high net worth individuals and family offices with access to elite early stage direct venture investments. Through our internal network, we have preferred access to some of the most compelling early stage venture deals on the market. We have found that many high net worth individuals and families have an appetite for these high-upside opportunities, but rarely have the resources and exposure necessary to access the very best. Revelis was founded to fill this gap in the marketplace—to identify the most promising deals available and provide direct investment opportunities to investors in demand of quality deal flow.
Contact: Jake Luster, Operations Manager, firstname.lastname@example.org (970 633-0322)