Total amount raised
$195.1 Millions
Latest funding date
06/01/2021
Location
Outdoorsy has successfully raised funding through multiple rounds, with the latest being a Series D round on June 24, 2021. The platform connects RV owners with campers, offering a unique marketplace for outdoor enthusiasts.
With 15 investors backing the company, including SiriusPoint and Moore Strategic Ventures, Outdoorsy continues to expand its services and reach. Keep reading to explore the intricacies of Outdoorsy's fundraising journey and the investors supporting this innovative platform.
What Is Outdoorsy?
Outdoorsy, founded on October 5, 2014, in Austin, Texas, is a marketplace platform that connects RV owners with campers. The company was established by Jeff Cavins, Jennifer Young, Ryan Quinn, and Tyler Stillwater.
Outdoorsy offers a variety of RV rental options, including motorhomes, campervans, and travel trailers, allowing users to explore different locations comfortably. The platform also provides unique accommodations like treehouses, yurts, and cabins in select locations.
With a team of 101-250 employees, Outdoorsy continues to disrupt the $32 billion recreational vehicle industry by providing a streamlined and secure platform for RV rentals.
How Much Funding Has Outdoorsy Raised?
- Pre-Seed Round
- Amount Raised: $120K
- Date: December 2015
- Lead Investors: NFX
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of the platform and initial operations.
- Pre-Seed Round
- Amount Raised: Not publicly disclosed
- Date: June 2015
- Lead Investors: Berlin Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the platform and expand the team.
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: May 2016
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the platform and increase market reach.
- Series A
- Amount Raised: Not publicly disclosed
- Date: May 2017
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the user base and enhance platform features.
- Series B
- Amount Raised: $25M
- Date: February 2018
- Lead Investors: Altos Ventures, Aviva Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and expand into new markets.
- Series C
- Amount Raised: $50M
- Date: January 2019
- Lead Investors: Greenspring Associates
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance product offerings and scale operations.
- Debt Financing
- Amount Raised: $30M
- Date: June 2021
- Lead Investors: Pacific Western Bank
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support customer growth and expand the insurtech division, Roamly.
- Series D
- Amount Raised: $90M
- Date: June 2021
- Lead Investors: ADAR1 Partners, Convivialite Ventures, Monashee Capital Corp., Moore Strategic Ventures, SiriusPoint
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To drive marketplace growth, expand Roamly, and fuel new partnerships.
Total Amount Raised: $295.12M. Current Valuation: Not publicly disclosed.
Key Investors
- Moore Strategic Ventures
- Details: Moore Strategic Ventures is a private investment firm that focuses on high-growth companies across various sectors. They led the $90 million private placement equity round for Outdoorsy.
- Investment Focus Areas: High-growth companies, various sectors.
- Notable Investments: Not publicly disclosed.
- ADAR1 Partners
- Details: ADAR1 Partners is an investment firm that participated in the $90 million private placement equity round for Outdoorsy. Specific details about their focus areas and notable investments are not publicly disclosed.
- Investment Focus Areas: Not publicly disclosed.
- Notable Investments: Not publicly disclosed.
- Monashee Capital Corp.
- Details: Monashee Capital Corp. is an investment firm that participated in the $90 million private placement equity round for Outdoorsy. Specific details about their focus areas and notable investments are not publicly disclosed.
- Investment Focus Areas: Not publicly disclosed.
- Notable Investments: Not publicly disclosed.
- SiriusPoint
- Details: SiriusPoint is a global insurer and reinsurer listed on the New York Stock Exchange (SPNT). They participated in the $90 million private placement equity round and will partner with Outdoorsy on the launch of their new insurtech division.
- Investment Focus Areas: Insurance, reinsurance solutions.
- Notable Investments: International Medical Group® (IMG®).
- Pacific Western Bank
- Details: Pacific Western Bank provided a $30 million debt facility for Outdoorsy. They are a commercial bank that offers a wide range of financial services.
- Investment Focus Areas: Banking, financial services.
- Notable Investments: Not publicly disclosed.
What's Next for Outdoorsy?
Outdoorsy is poised for significant growth, driven by the expansion of its marketplace and the insurtech division, Roamly. The recent $120 million funding round will fuel customer growth and new partnerships, such as the one with Collective Retreats, offering unique outdoor accommodations.
Future fundraising opportunities are likely as Outdoorsy continues to scale its operations and develop new products. The company may seek additional investment to support global expansion and technological advancements, ensuring they stay ahead in the competitive RV rental and insurtech markets.
However, challenges such as regulatory hurdles and competition from other marketplace companies could pose obstacles. Ensuring the scalability and reliability of their digital insurance products will be crucial for sustained success.
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