Australia  

Celebrating 10 Years of Trusted News Discovery
One News Page
> >

Fishing Startup Bringing Tech to Antiquated Industry Will Close Equity Crowdfunding This Month

PRWeb Wednesday, 20 February 2019
The fishing industry startup has utilized technology to take pain points away from new angler consumers - making previously prohibitive gear affordable and accessible to millennials. Recur Outdoor’s brands (Postfly, The Wade Rod Co., and Pelican Reels) have generated millions in revenue and delivered hundreds of thousands of gear shipments to anglers worldwide since their 2013 inception. The company has allowed its customers and fans to invest via Wefunder’s equity crowdfunding platform, and will close the campaign on Feb 28, 2019. Link to Wefunder campaign

BOSTON (PRWEB) February 20, 2019

The fishing industry startup has utilized technology to take pain points away from new angler consumers - making previously prohibitive gear affordable and accessible to millennials. Recur Outdoor’s brands (Postfly, The Wade Rod Co., and Pelican Reels) have generated millions in revenue and delivered hundreds of thousands of gear shipments to anglers worldwide since their 2013 inception. The company has allowed its customers and fans to invest via Wefunder’s equity crowdfunding platform, and will close the campaign on Feb 28, 2019. Link to Wefunder campaign.

There are only a few weeks remaining on the Recur Outdoors, Inc. Wefunder campaign (Wefunder.com/RecurOutdoors), allowing customers, fly fishing enthusiasts, or outdoor industry investors to own a piece of the growing company. The campaign will end on Thursday, February 28th, 2019, at midnight, EST.

Recur Outdoors Inc., which operates the brands Postfly, The Wade Rod Co., Pelican Reels, and GuideHire, is changing the way anglers buy their essential gear. Rather than relying on sparsely located brick & mortar shops, anglers can create subscriptions online to receive fishing gear like flies, lures, rods/reels and more, based on where and when they fish – all at a fraction of the price of conventional retail.

The cash-strapped, tech-savvy, millennial angler doesn’t have time to drive hours to a shop. Instead, they can get everything they need to get on the water and catch fish, delivered right to their door every month. Recur Outdoors is tapping into prevalent consumer shopping behaviors - like subscription services, recurring payment plans, and ASAP delivery - and bringing them to an antiquated industry.

“We are extremely grateful to our customers and fans who have invested in our Wefunder equity campaign so far. I’ve always said that we are building this company for our community, and Wefunder has enabled our community to build it with us. The campaign will close on the last day of February, and we’re excited to put this new capital to use immediately as we continue on our path of making fly fishing more accessible and affordable through our tech-enabled services.”
–Brian Runnals
Recur Outdoors Founder & President

Postfly, the first subscription-based monthly flybox, aims to help new fly fishermen break into the sport. By curating flies, fishing accessories, and fun branding products in one monthly box, Postfly is a $120k per month business. Now, the business has expanded into two new digitally-native vertical brands, (The Wade Rod Co. and Pelican Reels) which utilize a recurring revenue subscription model to make prohibitively expensive gear affordable to new anglers. Together, the monthly subscription possibilities could redefine the gear industry and bring a wave of new young anglers to the sport.

Why you may want to invest:· Over 4MM revenue to date; $1.7MM in 2018.
· We currently have over 7,000 paying monthly subscribers between Postfly and The Wade Rod Co.
· Monthly subscriber retention rate averages at 94%.
· 200K+ shipments made to our customers.
· More than 200K combined followers for our social media channels.
· Tech-enabled kiosks to sell our higher price point, higher margin, Wade Rods and Pelican Reels expected to rollout spring 2019.
· Raised $550K in earlier seed rounds.

“It’s kind of like Blue Apron, but instead of shipping you recipes and ingredients for meals, the company sends you fly recipes and materials for fish ... the real perks of a Postfly subscription are convenience and inspiration. It really has prompted me to shake off the cobwebs and learn some new patterns, which I can always revisit and tie more of, if I like how they work.”
–Kirk Deeter
Editor-at-Large, Field & Stream Magazine

The Future of the Fly Fishing Industry
Recur Outdoors started with the Postfly subscription box, providing flies and educational material to anglers every month, and has now expanded into rods and reels. This push puts the subscription model into every step of the gear-buying process, making fishing more accessible to anglers of any skill level. Considering more Americans fish (46M) than play golf (21M) and tennis (13M) combined, this is a huge market opportunity.

The goal of Recur Outdoors is to become the top e-commerce destination for anglers, especially those new to fishing.
0
shares
ShareTweetSavePostSend
 

You Might Like


Tweets about this


Other recent news in Press Releases

Easton Announces Filing of Its Financial Statements for the Year Ended December 31, 2018 with a Revenue Increase of 145% Over 2017 and Provides General BUSINESS UpdateJackpot Installs First Jackpot Blitz(TM) ETG in CANADA at Grey Rock Casino
Media and ENTERTAINMENT Industry Stalwarts Along with Pearl Academy - School of Media Discuss What’s Next in Digital ENTERTAINMENTWORDPRESS.com VIP Expands Server Infrastructure and Leadership in India
Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.