Certares Leads $42 Million Investment in Cabin Rental Startup
Photo Credit: An example of a cabin available for rent via travel startup Getaway. Certares, an investment firm, has led a $41.7 million Series C round of venture capital investment in Getaway, which rents cabins that offer an outdoor experience to urban consumers. Getaway
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Investment firm Certares is betting on Getaway, which rents cabins offering an outdoor experience to urban consumers looking for an escape from the digital world. The move reflects a wager on travel trends emerging from the pandemic.
The boom in the domestic outdoor travel sector looks likely to continue for some time, as movement across borders will be one of the last aspects of travel to recover from the pandemic. Investors have recently piled into travel startups like Hipcamp and Outdoorsy that are focused on the outdoors.
Certares, an investment firm with experience in the travel, tourism, and hospitality sectors, said on Monday it had led a $41.7 million Series C round of venture capital investment in Getaway, a New York-based startup that offers offers "tiny cabin" rentals in natural landscapes.
The Series C funding follows a $22.5 million Series B funding round in June 2019 led by Starwood Capital, a firm managed by Starwood Property Trust Chairman and CEO Barry Sternlicht.
"We are thrilled to be partnering with Getaway," said Greg O'Hara Founder and Senior Managing Director of Certares. "Since its founding, Getaway's commitment to the guest experience has resulted in exceptional customer satisfacti
