Local travel+events focused on different niches is a growth opportunity, and Red Tricycle has done a great job growing it organically for a long time, and then raising money now.
Founded in 2006 by Jaqui Boland, an SF-based mom and marketing pro, Red Tricycle is a reaction to her new mom-hood and her desire to help other parents out there navigate the urban parenting jungle, that is things to see, eat, do and buy with your kids. The company has seen 400,000 subscriptions in six cities and 1 million pageviews a month. National advertisers include Disney, Old Navy, and Microsoft.
The $1.5 million is led by Maveron and angels include Bob Pittman, Jason Calacanis, Dave McClure, and Darrell Cavens at Zulily.