Getaway, a US-based operator of rental properties, has attracted $15m in funding from L Catterton, the private equity firm established by luxury consumer goods producer LVMH.
Founded in 2015, Getaway designs and manages small houses in rural areas on the outskirts of major cities that are available for rent. The custom-built properties are between 160 and 200 square feet each in secluded locations.
The company currently operates in the Boston and New York City areas and will expand into additional locations with the support of L Catterton later this year.
Getaway earlier obtained $1.2m in seed capital in 2015, according to deals database Crunchbase, though the claim is unsourced.
Jon Staff, co-founder and chief executive of Getaway, said: “We are very excited to partner with L Catterton, who we believe can help us rapidly expand Getaway across the country.
“People struggle to find work-life balance, especially in big cities, making the Getaway experience more relevant than ever. With L Catterton’s help, we will build our unique brand and customer experience, extending Getaway’s reach to overworked and overconnected people everywhere.
“L Catterton has experience building some exceptional brands, and we are excited to partner with their team.”