Cairn Closes $1.7 Million in Funding From Strategic Investors

Fueling Expansion of the Fastest Growing Community of Outdoor
Enthusiasts

BEND, Ore.–(BUSINESS WIRE)–Cairn, a community where outdoor enthusiasts discover new products and
ideas, closes $1.7 million in funding to expand its offerings, team, and
community. Investors who bring their expertise to the company include
Brian Spaly, Founder of Bonobos and Founder & CEO of Trunk Club; Rick
Dalzell, Former Amazon SVP & CIO, and Board Member at Intuit; and Jim
Collis, Private Equity Partner at Seaport Capital and Board Member at
Hydro Flask. For more information visit www.getcairn.com.

“Cairn is a cutting edge brand that is more than a subscription box
service,” said Brian Spaly. “Cairn is changing the outdoor industry and
creating a unique community built around innovation, inspiration,
quality, data and a love for the outdoors.”

With this new capital, Cairn will focus on continuing to grow its team
and expanding its offerings to the outdoor community and industry
brands. Along with this financing, Co-Founder Jared Peterson left a
ten-year career at Apple to join Cairn full time as Chief Technology and
Operations Officer. Peterson’s many responsibilities include building a
technology and infrastructure platform to support significant expansion
and a seamless user experience.

Cairn works with a wide range of high quality emerging and established
companies to provide value to both the Cairn community and the companies
in the outdoor industry. Added Andre Walker of prAna, “By partnering
with Cairn, we reach new consumers, increase brand awareness and collect
unique data and feedback. We plan to be a longtime partner of Cairn.”

“I have spent my career working with companies that utilize technology
and data to transform industries and deliver a great service to
customers,” said Rick Dalzell. “As an avid outdoor enthusiast, I see a
significant opportunity for Cairn and am excited to be an investor and
advisor to the company.”

About Cairn

Cairn is changing the way outdoor enthusiasts discover new products and
ideas that inspire them to connect and explore. Cairn was built by a
group of entrepreneurs who saw an opportunity to bring positive
disruption and give back in their area of passion – the outdoors. Since
the company founding as a monthly subscription box service, Cairn has
evolved to be a market leader and fast growing community of thousands
who love the outdoors. In 2015, Cairn was chosen among all development
stage companies in Oregon as the winner of the Oregon Entrepreneurs
Network Entrepreneurship Award. Cairn is headquartered in Bend, Oregon –
a fast growing town that offers an outdoor mecca, high quality of life
and thriving entrepreneurial community. For more information, go to www.getcairn.com.
Socialize with us to inspire more adventures! @getcairn #cairnrocks.

Contacts

For Cairn
Emily Snayd, 203-395-8834
emily@hfscommunications.com