Michelin Travel Partner, the tourism services subsidiary of tyre producer Michelin, has led a €10m ($10.7m) series B round for Germany-based recreational vehicle (RV) rental service Campanda, TechCrunch has reported.
Ringier Digital Ventures, the corporate venturing arm of media company Ringier, also took part in the round, as did investors including Accel, Idinvest Partners, Le Peigné, B-to-V Partners and Atlantic Labs.
Founded in 2013, Campanda rents out RVs from an inventory of 26,000 vehicles, and operates a website where users can select models using a variety of criteria including price. It is present in 44 countries across five continents and plans to use the funding to expand into more markets.
The company raised €2.2m in seed capital from B-to-V, Atlantic Labs and Möller Ventures before closing a $5.5m series A round in mid-2015 featuring Ringier Digital Ventures, EcoMobility Ventures, Groupe Arnault, IdInvest Partners, Atlantic Labs, Accel and B-to-V.