Harvest Hosts Raises $37M Investment
Harvest Hosts, a membership program that allows RVers to access unique overnight stays, said it hasreceived a $37 million growth investment from Stripes, a New York City-based investment firm. Harvest Hosts said that as road travel and the RV industry continue to experience a major surge, this investment will enable it to drive its continued expansion of host locations to connect travelers with safe, one-of-a-kind overnight experiences, while supporting small businesses.
Harvest Hosts offers its members overnight stays at an extensive network of more than 1,900 wineries, breweries, farms, golf courses, museums and other scenic attractions across North America. From a lavender farm to skydiving center and everything in between, Harvest Hosts said it aims to deliver “a new kind of camping experience for road travelers.”
The company’s membership base doubled in 2020, and members spent more than $25 million with the small businesses they visited. The rapid growth of the RV community has continued accelerating as a new class of travelers begin exploring the safe and scenic world of RV travel, the company said.
“At Harvest Hosts, our mission is to help people live happier lives by getting off the couch and onto the open road, while also supporting the small businesses that are the backbone of America,” said Joel Holland, CEO. “We want Harvest Hosts to continue being a trusted resource for finding a unique RV experience. We are excited to be partnering with Stripes to double down on the investment in our host network and member experience. We want everyone who interacts with Harvest Hosts, members and hosts alike, to benefit from the experience.”
“It’s an exciting time to partner with Joel and the Harvest Hosts team. We look to back ambitious entrepreneurs who are delivering amazing products, and it became clear as we spent more time in the space that Joel is building a really special product for RVers,” said Chris Carey, partner at Stripes. “As part of our research, we surveyed thousands of RVers and dozens of hosts to learn about their firsthand experiences, and the feedback was overwhelmingly positive from both members and hosts. And what got us even more excited is the significant opportunities to continue to expand the host network and offerings for RVers to make the experience even better. The energy and charisma from Joel to invest in making Harvest Hosts the leading RV experience platform was the final piece of the puzzle. His vision for the company is something we are excited to be part of.”