Outdoorsy and Aviva Ventures has announced that Outdoorsy has raised $50 million in Series C funding led by Greenspring Associates. The round includes continued participation from Aviva Ventures, Altos Ventures, AutoTech Ventures and Tandem Capital.
John Avirett, general partner from Greenspring Associates, has joined the company board as a board observer.
“We are interested in marketplace technology companies that challenge the status quo and create seamless experiences for both owners and enthusiasts, which is exactly what Outdoorsy has done,” said Avirett. “Most people buy an RV that’s unused nearly 97 percent of the year. We appreciate that Outdoorsy is unlocking these expensive assets for owners and making them available to the millions of travelers around the world who crave experiential travel without the burden of ownership. We feel strongly that with Outdoorsy’s proprietary technology, suite of premium services, world-class team of engineers, and forward-thinking workforce, the company is set to become the global leader in the recreational travel market.”
Over the last three years, the company said it has experienced exponential growth with a 400 percent increase in bookings through the platform and more than a quarter of a billion dollars in transactions. Headquartered in Austin, Texas, with additional offices in the U.S., Canada, Australia, France and the U.K., Outdoorsy is currently in eight countries worldwide and will see continual expansion into new markets this year.
“We are off to a terrific start in 2019,” said Outdoorsy CEO Jeff Cavins. “Our business is growing fast across all geographies and across both our owner and renter base. We’ve also significantly reduced our insurance and operating costs, which has contributed to our global leadership position as a peer-to-peer and professional fleet management platform. Given the size of the opportunity ahead of us and our goal of making Outdoorsy a global outdoor experiences marketplace, we will invest more aggressively this year, both in international markets as well as expanding our platform to include campsites and outdoor travel experiences.”