Hipcamp Raises $57 Million for Campsite Bookings as Outdoor Travel Trend Booms: Report
Skift Take
Hipcamp says that demand for quality outdoor experiences has exceeded supply as a long-term trend, not just a pandemic bump. It also claims to create more supply by wooing landowners to create camping experiences. But skeptics will wonder if a valuation north of $300 million is justified for the company.
Hipcamp, a startup that pairs people who wish to pitch their tents with landowners who want to accommodate them, has finalized $57 million of investment in a Series C funding round.
The San Francisco company's marketplace encourages ranchers, farmers, and other private landowners to enter the camping and outdoors sector as a sideline activity. So it has been compared to the early Airbnb, which encouraged people who hadn't rented property to start doing so, and which had a spectacular initial public offering last month.
The round of investment places a valuation exceeding $300 million on Hipcamp, according to The Information, which broke the story and said investors in
