Total amount raised
$81.5 Millions
Latest funding date
01/01/2021
Location
Getaway has successfully raised funding from 17 investors, including Certares and Starwood Capital Group. The company offers wellness-focused cabin rentals in natural landscapes, encouraging guests to disconnect from technology and reconnect with nature.
Keep reading to explore the intricacies of Getaway's fundraising journey and the investors backing this innovative platform.
What Is Getaway?
Getaway, founded in 2015 by Jon Staff, is a wellness hospitality company based in Brooklyn, New York. The company specializes in providing cabin rentals in natural landscapes, promoting disconnection from technology and reconnection with nature.
Operating within the hospitality and rental industries, Getaway employs between 251-500 people. Their cabins are strategically located within a two-hour drive from major metropolitan cities, making it convenient for guests to escape urban life and immerse themselves in nature.
How Much Funding Has Getaway Raised?
- Series C
- Amount Raised: $41.7M
- Date: January 2021
- Lead Investors: Certares
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand their outposts and enhance services.
- Series B
- Amount Raised: $22.5M
- Date: June 2019
- Lead Investors: Starwood Capital Group
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support nationwide expansion and open new locations.
- Series A
- Amount Raised: $15M
- Date: February 2017
- Lead Investors: L Catterton
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish and grow operations and outposts.
- Seed Round
- Amount Raised: $1.4M
- Date: March 2016
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the business and develop initial outposts.
- Seed Round
- Amount Raised: $950K
- Date: March 2015
- Lead Investors: Tamarisc Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To launch the company and build the first cabins.
Total Amount Raised: $81.55M. Current Valuation: Not publicly disclosed.
Key Investors
- Certares
- Details: Certares is a private investment firm focused on the travel and hospitality sectors. They led the Series C funding round for Getaway.
- Investment Focus Areas: Travel, hospitality, tourism.
- Notable Investments: American Express Global Business Travel, Hertz, TripAdvisor.
- Starwood Capital Group
- Details: Starwood Capital Group is a private investment firm with a focus on global real estate, energy infrastructure, and oil & gas. They led the Series B funding round for Getaway.
- Investment Focus Areas: Real estate, energy infrastructure, hospitality.
- Notable Investments: Starwood Hotels and Resorts, Invitation Homes, Extended Stay America.
- L Catterton
- Details: L Catterton is a private equity firm specializing in consumer-focused investments. They led the Series A funding round for Getaway.
- Investment Focus Areas: Consumer products, retail, hospitality.
- Notable Investments: Peloton, Equinox, Restoration Hardware.
- Tamarisc Ventures
- Details: Tamarisc Ventures is a venture capital firm that invests in early-stage companies. They were involved in the seed round for Getaway.
- Investment Focus Areas: Real estate, technology, healthcare.
- Notable Investments: Not publicly disclosed.
What's Next for Getaway?
Getaway is poised for significant growth as it expands its wellness-focused cabin rentals to new locations, including Los Angeles and Dallas. This expansion taps into the increasing demand for nature-based, digital detox experiences, offering urban dwellers a much-needed escape from their overstimulated lives.
With $22.5 million raised in Series B funding, Getaway is well-positioned to continue its nationwide expansion. Future fundraising opportunities are likely as the company scales, supported by existing investors like L Catterton. However, challenges such as competition and maintaining consistent guest experiences across multiple locations will need to be navigated carefully.
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