Outdoorsy today (Feb. 12) announced it has raised $25 million in Series B funding led by Aviva Ventures and Altos Ventures. Aviva and Altos are joined by existing investors Tandem Capital and Autotech Ventures. According to a press release, the Series B funding will be used to expand the company’s sales and marketing efforts, broaden its geographic footprint and grow its engineering and product teams.
Founded in 2015 and headquartered in San Francisco, Outdoorsy booked over 263,000 days in the last year and generated nearly a $100 million through the platform. The company hosts a large bookable inventory of RVs worldwide online and is rapidly expanding its global fleet towards its goal of mobilizing the more than 17 million idle RVs around the world.
“More than 12% of American households own a recreational vehicle, yet rarely use it,” said Jeff Cavins, co-founder and CEO of Outdoorsy. “At the same time, more than 35 million consumers try to rent a recreational vehicle in America each year with no luck. With Outdoorsy, we leveraged this global, cross-cultural phenomenon of RV travel, especially among Millennials, and brought this multi-billion dollar RV industry online and into the sharing economy.”
“RVs are the perfect gateway experiences for consumers, and the rising demand for campervan and RV travel was a growing trend in which we wanted to invest. Moving this market to an on-demand, online sharing economy was a logical way for us to participate in this new travel market,” said Anthony Lee, managing director at Altos Ventures.
To create this on-demand marketplace, Outdoorsy utilizes state-of-the-art technology, including Wheelbase, a free, cloud-based and fully-insured RV fleet and rental management application for any business operating from three to 3,000 units. It also built, distributed and parallelized computation and real-time analytics engines to monitor and report on useful real time data, which promises users privacy and security.
“Our marketplace didn’t exist just a few years ago,” says Ryan Quinn, co-founder and head of software development. “The platform is a game-changer in this industry and ensures that our users can enjoy ease of use and peace of mind with every interaction.”
Outdoorsy offers a wide range of services, including on-demand roadside assistance, INSTAmatch and INSTAbook that reduce the time required for searching/booking an RV, automated and integrated DMV verification and the first-ever commercial insurance for peer-to-peer rentals in North America.
This investment follows a partnership between Aviva and Outdoorsy to provide an insurance solution to Outdoorsy users in Canada, helping to bring RV sharing to the country. The company’s customer base includes professional agencies and dealerships across the U.S., Canada, Australia and New Zealand and a rapidly growing community of tens of thousands of private vehicle owners, who are enjoying life changing economic benefits.
For more information on Outdoorsy, visit www.Outdoorsy.com.