Outdoorsy, which connects customers with underused RVs and other trucks big enough to camp in overnight, just raised $50 million in Series C funding led by Greenspring Associates, with participation from earlier backers Aviva Ventures, Altos Ventures, AutoTech Ventures and Tandem Capital.
According to TechCrunch, that puts the company’s total funding, in less than a year’s time, at $75 million.
Outdoorsy moved its headquarters from the Bay Area to Austin, Texas, six months ago, partly to get closer to its base of customers, as well as to take advantage of attractive tax incentives. The company is capitalizing on a global trend of Millennials who want to stay overnight at places other than hotels, which can be pricey and based in commercial districts that can’t provide the same experience of staying in a neighborhood.
Co-founder and CEO Jeff Cavins notes noted that with Airbnbs widespread, there are plenty of places where it makes even more sense to rent an RV, including at a beach or outside events like musical festivals and car races along with traditional camping spots.
For the full story click here.