Outdoorsy Raises $50 Million

Ever wanted to rent an RV from a neighbor?

Well, Outdoorsy, based in Austin, just raised another $50 million to make that transaction a reality.

Greenspring Associates led the latest round of funding with participation from Aviva Ventures, Altos Ventures, Autotech Ventures and Tandem Capital.

“We are interested in marketplace technology companies that challenge the status quo and create seamless experiences for both owners and enthusiasts, which is exactly what Outdoorsy has done,” John Avirett, General Partner from Greenspring Associates, said in a news release. “Most people buy an RV that’s unused nearly 97 percent of the year. We appreciate that Outdoorsy is unlocking these expensive assets for owners and making them available to the millions of travelers around the world who crave experiential travel without the burden of ownership.”

Outdoorsy, founded in 2014 in San Francisco, moved its

headquarters to Austin. It reports more than $250 million in transactions and big increases in bookings on its platform during the last three years.

Outdoorsy has additional offices in the U.S.,Canada,Australia,Franceand the U.K.. It is currently in eight countries worldwide and will see continual expansion into new markets this year, according to a news release.

“We are off to a terrific start in 2019,” Outdoorsy CEOJeff Cavins said in a news release. “Our business is growing fast across all geographies and across both our owner and renter base. We’ve also significantly reduced our insurance and operating costs, which has contributed to our global leadership position as a peer-to-peer and professional fleet management platform. Given the size of the opportunity ahead of us and our goal of making Outdoorsy a global outdoor experiences marketplace, we will invest more aggressively this year, both in international markets as well as expanding our platform to include campsites and outdoor travel experiences.”