Outdoorsy Participates in Collective Retreats' $23 Million Funding Round in a Bet on Glamping
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The call of the outdoors was loud last summer. Travel startups Outdoorsy and Collective Retreats are hoping that millennials keep answering the call post-pandemic.
The sector got a boost on Tuesday when glamping startup Collective Retreats said it raised $23 million in a Series C funding round, led by Fireside Investments.
The Denver-based startup has now raised $43 million since its founding in 2015.
In a notable endorsement, Outdoorsy took part in the investment round. The Austin-based peer-to-peer booking service for RVs, or recreational vehicles, and campervans is also going to begin tout to its users "hybrid campground offerings" run by Collective Retreats.
"Outdoorsy has 40 million visitors to our site in 14 countries, and 93 percent are first-time renters of RVs," said Outdoorsy co-founder and CEO Jeff Cavins.
"Some find themselves staying at what I call graveled parking lots, and many become disappointed," Cavins said. "We don't want them to be cast into the great abyss. We don't want them traveling across the country in a $400,000 RV and then end up getting packed in like a rat."
