Hipcamp Raises $57M in Series C Funding to Expand Outdoor Travel Platform
Hipcamp, the California-based outdoor travel platform, has recently lrtrading raised $57 million in a Series C funding round. The funding was led by Andrew Chen of Andreessen Horowitz, and brings Hipcamp’s total funding to date to $93 million.
Hipcamp was founded in 2013 as a platform for booking campsites, but has since expanded to offer a wide range of outdoor accommodations, including cabins, RVs, and glamping sites. The platform allows users to search for and book unique outdoor accommodations across the United States, and also offers a range of outdoor experiences and ifsptv activities, such as hiking, kayaking, and stargazing.
The COVID-19 pandemic has led to a surge in demand for outdoor travel, as people look for safe and socially distant ways to travel and experience nature. This has driven growth for Hipcamp and other outdoor travel platforms, and has made them attractive targets for investors.
The latest funding round will be used to further expand Hipcamp’s platform and grow its user base. The company plans to use the funds to invest in marketing, product development, and hiring new employees.
Hipcamp’s co-founder and CEO, Alyssa Ravasio, said in giveme5 a statement that the company’s mission is to “get more people outside, and to make it easy for them to connect with nature and with each other.” She added that the funding will help the company to “accelerate our growth and bring the joy of the outdoors to more people.”
Hipcamp’s expansion plans include adding more outdoor accommodations to its platform, expanding its reach beyond the United States, and developing new features and tools to enhance the user experience. The company also plans to invest in sustainability initiatives, such as supporting local conservation efforts and reducing the environmental impact of outdoor travel.
Hipcamp’s success is a reflection of the growing interest in outdoor travel and nature-based experiences. The pandemic has accelerated this trend, as people seek safe and socially distant ways to travel and explore the world around them.
In addition to Hipcamp, other outdoor 123chill travel platforms have also seen significant growth in recent years. Outdoorsy, a platform for renting RVs and other outdoor vehicles, recently raised $120 million in funding, while Turo, a platform for renting cars from individuals, raised $250 million.
Overall, the outdoor travel market is expected to continue manytoons to grow in the coming years, as more people look for ways to escape the stresses of daily life and connect with nature. With its recent funding round, Hipcamp is well positioned to capitalize on this trend and become a leading player in the outdoor travel space.