Summary:
Ty Haney, founder of Outdoor Voices, launches TYB, a loyalty platform for consumer brands
$11 million Series A raised, bringing total funding to $23.5 million
200 brands and 2 million users (mostly Gen Z women) are already on the platform
TYB drives 40% higher purchase frequency and 28% higher lifetime value for brands
Affinity webs enable cross-brand loyalty, e.g., Glossier loyalty benefits at Nike
Ty Haney's New Venture: TYB
After making waves with Outdoor Voices, Ty Haney is back with her second startup, Try Your Best (TYB), a consumer loyalty platform that's catching the eye of major brands and investors alike. With a fresh $11 million Series A funding round, TYB is poised to redefine how brands engage with their communities.
What is TYB?
TYB is a loyalty infrastructure platform designed for consumer brands, focusing on community commerce. It allows brands to create gamified challenges, offer collectibles, and build blockchain-enabled loyalty profiles that follow users across different brands.
- 200 brands are already on board, including Glossier, Rare Beauty, and Poppi.
- 2 million users, primarily Gen Z women, are actively engaging with the platform.
Why It Matters
Haney highlights that TYB users show:
- 40% higher purchase frequency
- 28% higher lifetime value
- Monthly engagement rates exceeding 40%
TYB’s affinity webs can map a user’s loyalty from one brand to another, creating a seamless cross-brand experience. For example, a user’s loyalty level at Glossier could translate to benefits at Nike.
The Funding Round
The $11 million Series A was co-led by Offline Ventures and Strobe Ventures, with participation from Coinbase Ventures, Castle Island Ventures, and Unusual Ventures. This brings TYB’s total funding to $23.5 million.
Haney reflects on her journey with Outdoor Voices, emphasizing lessons learned in fundraising and ownership. "I’ve become a lot more sophisticated in terms of who I raise money from and how much," she says.
What’s Next?
TYB is expanding its roster with upcoming additions like Crocs and Away. Haney’s vision is clear: TYB is not just a loyalty program—it’s the future of community-driven commerce.
Ty Haney’s second startup is the consumer loyalty platform TYB. (Craig Barritt/Getty Images for Create and Cultivate)
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