Hipcamp, a US-based campsite booking platform developer backed by media company O’Reilly Media, has completed a $57m series C round, The Information has reported.
The round included venture capital firms Index Ventures and Bond Capital, people familiar with the matter told The Information. It valued Hipcamp at over $300m, according to financial filings.
Founded in 2014, Hipcamp provides an online platform that allows customers to book campsite and recreational vehicle spaces, as well as cabins and treehouses. It provides access to both private and publicly-owned sites including all national, state, regional and army corps parks in the United States.
Hipcamp pulled in $2m through a 2014 seed round co-led by O’Reilly’s corporate venturing arm, O’Reilly AlphaTech Ventures (OATV), and Slow Ventures, with participation from AngelList’s Syndicate Fund, Maiden Lane Ventures, Sam Shank and Gregg Brockway.
Benchmark led a $9.5m series A round for the company in 2018 that included Dick Costolo and Max Levchin. It raised $25m in a mid-2019 series B round led by Andreessen Horowitz and backed by OATV, Benchmark, August Capital, Yes VC and Slow Ventures at a $127m valuation.