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The Wanderlust Group raises $14.2M to double-down on getting folks outdoors

The Wanderlust Group, a Rhode Island-based startup focused on building software for the boating world, announced that it has closed a $14.2 million Series B round of capital this week. The new funds were provided by Allen & Company and the Alaris family office. (Post updated to amend investor list after publication.)
Wanderlust had raised $13.1 million prior to this round of funding, making its new Series B larger than all the capital the startup had raised previously.
According to Wanderlust’s CEO, Mike Melillo, a large percentage of the company’s early team were formerly senior denizens at HubSpot, allowing the startup to raise money in smaller, $2 and $3 million rounds before its Series B. The CEO added that his company had been looking to raise just $7 million, and had been on a path to profitability.
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