Press Releases
Remote Lands Closes Venture Capital Funding
Luxury Bespoke Travel Firm Raises Capital from Prominent Silicon Valley VC
(NEW YORK, October 2, 2006) Remote Lands, Inc., the preeminent provider of luxury travel and cultural experiences in Asia, has announced the closing of its Series A investment round. The investors are Skymoon Ventures of Santa Clara, California and co-founder Catherine Heald, the Company's Chairman & CEO. The capital will be used for marketing and corporate expansion.
"We are thrilled to be working with Skymoon for our first funding round. We have very ambitious plans for the future to create the world’s leading company for extraordinary and exclusive Asian journeys for highly discerning clients. It is crucial for us to have the backing and support of a prominent venture capital firm like Skymoon," said Heald.
"We are very pleased that our close association with Skymoon will allow us to have an infrastructure in place to better reach out to our clientele, who are the wealthiest people throughout the United States," added Jay Tindall, co-founder and COO.
"Remote Lands is focused on a unique and rapidly growing niche of the travel market that we believe will be very lucrative. Their level of knowledge and expertise and their network of global contacts is unsurpassed. We plan to work very closely with them to build Remote Lands into America's leading Asian luxury travel company," said Mike Farmwald, Skymoon's founder.
About Remote Lands
Remote Lands, Inc. is a midtown Manhattan-based provider of Asian luxury bespoke travel and private jet journeys with celebrity speakers. The Company specializes in extraordinary experiences in magical, far-flung destinations and insider access to exceptional people and exclusive events. The venture capital-backed company was founded by seasoned business and travel entrepreneurs Catherine Heald and Jay Tindall, both of whom have lived, worked and traveled all over the world. Remote Lands actively promotes socially responsible tourism that strives to bring an understanding of other cultures and helps to preserve their way of life. Five percent of the Company's profits go directly to local charities in developing countries. For more information please visit www.remotelands.com.
About Skymoon
Skymoon Ventures is a venture capital firm based in Santa Clara, California. Their portfolio companies include Bytemobile, Circumnav Networks, Finesse, Habeas, Kineto, Picarro, Matrix (acquired by SanDisk, Nasdaq: SNDK) and Pathscale (acquired by QLogic, Nasdaq: QLGC). Skymoon was founded Dr. Mike Farmwald, a serial entrepreneur with one of the most successful track records in Silicon Valley. Mike has founded six companies to date, five of which were financed in part by Benchmark Capital, where he is a Venture Partner. Mike is probably best known for co-founding Rambus Inc. (Nasdaq: RMBS) a developer of high-bandwidth interfaces for memories and other chips.
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