RVshare, one of the first and largest peer-to-peer RV rental marketplace companies, has announced a $100-plus million fundraising round led by global investment firm KKR, with participation by existing investor Tritium Partners. The fundraising will provide capital, as well as access to KKR’s operational resources and global network, to help RVshare build on its leadership position and record 2020 growth with goals to rapidly scale the RV rental industry.
Since its founding in 2013, RVshare has amassed more than two million days booked on its platform and more than 100,000 RVs ranging from luxury motorhomes to campervans to travel trailers.
“At RVshare, our mission is to expand the definition of travel, providing a unique, seamless experience that will allow travelers to build lifelong memories with loved ones,” said CEO Jon Gray. “I am very proud of our employees and thankful to our customers for helping build RVshare into the market leader it is today – and we are only at the beginning of where our business can go. This financing and the support of KKR’s global platform positions us well to invest in future growth and provide the best experience for our owners and renters.”