Wander takes $7 million to expand into other markets in the US

Wander, the Texas-based firm that lets people rent smart houses throughout the US, announced its $7 million investment round.

After an unusual experience, John Andrew Entwistle, a businessman since he was a teenager, launched Wander.

He went to a digital high school that permitted him to travel across the United States and abroad. When he resigned from Coder's Chief Executive Officer position, the firm he co-founded, earlier in 2021, John desired to move away once again, so he rented a lodge in Colorado.

When Entwistle came, he likely had the same encounter as most individuals who have booked Airbnbs or other short-term rentals. He explained, when he got to his cabin, it looked different than it was in the images. The beds were uncomfy, the internet was down, and its security was highly dubious. He was consumed by ideas of how the new planet would appear. 

This was the first time in history that humans could reside and operate in any location.

Wander was created by Entwistle to allow users to travel and work from many places while maintaining a stable, uniform experience every time. The firm possesses the smart houses it operates — all of which feature a Tesla. It allows people to use the Wander application to modify the flat's settings, such as the temperature.

The business rents houses in the Lake Tahoe neighborhood in C.A., Bandon Dunes in Oregon, and others.

The fundraising round was led by Redpoint, which had previously invested in Entwistle's former company, Coder. 

As per Redpoint's M.D., Alex Bard, the company's desire for funding derived from its previous engagement with Entwistle.

Bard added that they look for entrepreneurs who have unbridled passion and want to transform the world in a certain manner. Moreover, they search for those who are relentless to alter the globe in a high-integrity manner in the upcoming years. The COVID-19 epidemic, according to Bard, has increased the norm of remote labor. He believes that Wander is indeed digging into it and building the necessary infrastructure to make that happen genuinely. 

Wander will utilize the money to balloon its network of residences. Entwistle's first target is in the western U.S., places like Sedona or Yosemite. However, the brand hopes to grow internationally in the future.

Wander has hosted its first client stay in October, and customers can join the queue to arrange a stay. Customers can also become Pioneers for 100 dollars, which entitles them to a 100 dollar credit on their subsequent stay plus the chance to partake in Wander's future funding event.

Entwistle remarked that he loves the concept of getting a cap table full of countless people who believe in the cause and would like to see this business grow. 

Previously in June, Wander acquired $7,300,000 in a pre seed from 38 backers.