Soleil Moon Frye and Kara Nortman Raise $2.5 Million for New Startup Moonfrye

Soleil Moon Frye and Kara Nortman Raise $2.5 Million for New Startup Moonfrye

Moonfrye is a Mobile Product That Inspires Digital Creativity in Parents and
Children with Physical Products That Surprise

PR Newswire

LOS ANGELES, April 25, 2013

LOS ANGELES, April 25, 2013 /PRNewswire/ --Soleil Moon Frye and Kara Nortman
have launched a new startup company Moonfrye, securing $2.5 million in funding
led by GRP Partners with participation from Greycroft, Daher Capital, and
Google Ventures. Moonfrye is focused on bringing creative experiences to
families both online and off.

Nortman is the Chief Executive Officer and Frye is the Chief Creative Officer
of the venture. Advisors include some of Silicon Valley's biggest luminaries
including Dan Rosensweig, Tim Ferriss, Randi Zuckerberg, Gina Bianchini, Erik
Lammerding and Rick Marini.

Moonfrye's unique commerce model is based on providing a mobile-to-real-world
experience for parents and their children.

Building on the moonfrye.com online community, launched several years ago by
Soleil to share with her large online social community (1.5 million Twitter
followers and more than 500, 000 on Facebook), the company will focus on the
crafting and DIY ("do-it-yourself") market by launching a mobile app dedicated
to inspiring creativity in families.

"As my most important role in life is being a mom, it was clear to me that
parents around the world were looking for cost effective activities where
their families could come together and create meaningful experiences both
online and off," said Soleil Moon Frye.

The funding round was led by LA's largest venture capital fund, GRP Partners.
"My job as an early-stage VC is to find the most talented entrepreneurs with
big ideas and who have a passion for a product that is authentic to them. I
can't think of a better team to describe this than Kara & Soleil," said Mark
Suster.

The venture was hatched from an authentic need Soleil and Kara felt themselves
as mothers of young children. They bonded over shared anxiety points they both
felt to keep their children actively entertained while stimulating their
creativity, as well as preserving the important moments of their children's
lives in a meaningful way.

"There's a restored interest in craftsmanship and DIY. It's a refreshing
change from the reliance on ready-made goods," said Kevin Rose, General
Partner at Google Ventures. "Combining real world experiences with digital
tools creates a lot of interesting possibilities when put in the hands of moms
and families, and Soleil and Kara have an inspiring vision to bring that to
life."

The two working moms realized that they shared a passion for supporting
creative experiences that engage parents and kids alike. The result would
later become Moonfrye's mission, "A Right to Play" --the company's philosophy
that children and parents should be able to create and share in innovative
ways, favoring process over outcome. They both revel in the chaos of
parenthood and believe there is a large market for parents looking to embrace
journey over the exact destination.

"Our product has a unique, innovative design that is going to be a
game-changer for providing parents and children with a shared creative
outlet," said Nortman. "If moms are shutting off passive entertainment in
favor of engaging their kids actively on mobile devices then we have made our
small dent on society."

Nortman most recently ran IAC-owned Citygrid Media's Consumer Businesses
(Citysearch, and Urbanspoon) which serves 35 million consumers per month.
Prior to that, Nortman served as IAC's Vice President of Mergers and
Acquisitions. She is a graduate of Princeton and received her MBA from
Stanford.

Before launching Moonfrye.com, Soleil co-founded the first eco friendly baby
store in LA, The Little Seed, and designed a product line for Target. She is
currently "Target's Mommy Ambassador" as well as a regular contributor to The
Today Show. Frye advises on a handful of prominent tech companies and has
authored two books, "Happy Chaos," and "Let's Get This Party Started," a party
planning book filled with crafts, recipes, fun, and affordable DIY ideas for
parents, due to be released by Abrams in October.

"Kara and Soleil have real vision and an innate talent for building
communities. This company has all the makings of an heirloom brand. I'm
thrilled to be involved," said Tim Ferriss.

Visit Moonfrye.com to sign up and get early access to the app.

For more info contact:

Hillary Kaye

310.270.5553

Hillary@moonfrye.com

About GRP

GRP Partners is the largest VC in Los Angeles. It was founded in 1996 with the
mission to help entrepreneurs achieve their goals of building big,
transformative businesses. The partners of GRP have been involved with many
startups over the years, of which 15 stand out companies have achieved exit
valuations above $1 billion. Some of the firm's notable investments include
Overture, CitySearch, TrueCar, BillMeLater, ZestFinance, and Maker Studios.

About Greycroft

Greycroft Partners is a leading early stage venture capital firm focused on
investments in digital media. With offices in the two media capitals of the
world – New York and Los Angeles, Greycroft is uniquely positioned to serve
entrepreneurs who have chosen us as their partners. Greycroft leverages an
extensive network of media and technology industry connections to help
entrepreneurs gain visibility, build strategic relationships, successfully
bring their products to market, and build successful businesses. Greycroft
manages $400MM and has made over 75 investments in leading companies including
Babble, Buddy Media, Collective, Huffington Post, Klout, M5 Networks, Maker
Studios, Paid Content, Pulse, and Trunk Club.

For more information please visit the Greycroft Partners website at
www.greycroft.com.

SOURCE Moonfrye

Website: http://moonfrye.com