Hipcamp completes $57 million in Series C funding

21
0
filing hipcamp 57m series 300m weinberg

Hipcamp has recently raised funds amounting to $57 million in the Series C round. Hipcamp is an online marketplace startup that provides customers with outdoor camping and stays experiences. Investors like Bond Capital, Index Ventures, August Capital, Andreessen Horowitz, and Benchmark have participated in the funding process. Private landowners list glam sites, campsites, cabins, and RV spaces for the users. These users can book these places from the Hipcamp website and application based on listing types, activities offered, location landscape and amenities. This company was founded in 2013, and it caters to the increasing demand for staycations within domestic territories. The demand for this company increased during the covid-19 pandemic. According to the analytics of Second Measure, the company’s transactions between June and August of 2019 were more than 400%.

Initially, this company only provided information about campsites, but later, it diversified into glampsites, and RV parks as more and more people signed up with the company and were willing to offer their outdoor properties for a short-term rental basis. These were called ‘ Airbnb of the outdoors. Hipcamp had secured $ 45 million in funding before the last week’s raise, which has increased its valuation to $127 million.

Moreover, this company has also acquired Youcamp, its Australian equivalent. This will further help the company to expand its business in Europe and other countries.

Leave a Reply

Your email address will not be published. Required fields are marked *