The round was led Greenspring Associates with participation from by Aviva Ventures, the corporate venture capital fund for Aviva Plc (LSE: AV.L), Altos Ventures, AutoTech Ventures and Tandem Capital. In conjunction with the funding, John Avirett, General Partner from Greenspring Associates, joined Outdoorsy’s board as a Board Observer.
The company intends to use the funds to invest in international markets as well as expanding the platform to include campsites and outdoor travel experiences.
Led by CEO Jeff Cavins, Outdoorsy is an on-demand marketplace for recreational vehicles. Over the last three years, the company experienced growth with a 400 % increase in bookings through the platform and more than a quarter of a billion dollars in transactions.
The company is currently in eight countries worldwide and will see continual expansion into new markets this year. It has offices in the U.S., Canada, Australia, France and the U.K.
FinSMEs
16/01/2019