Outdoorsy, the US-based operator of a rental marketplace platform for recreational vehicles (RVs), has received $120m of equity and debt financing from investors including corporate investors SiriusPoint and Pernod Ricard.
Alcoholic beverage producer Pernod Ricard, investing through its Convivialite Ventures unit, co-led a $90m private placement with reinsurance provider SiriusPoint, venture capital firm Moore Strategic Ventures, hedge fund ADAR1 Partners and advisory firm Monashee Capital.
Altos Ventures, iAngels and Greenspring Associates also took part in the placement, while Pacific Western Bank provided a $30m debt facility.
Founded in 2015, Outdoorsy operates an online platform that lets users lease out or rent RVs for traveling and camping. It will use the capital injection to scale its operations, expand its digital insurance unit, Roamly, and support its partnership with luxury retreat booking platform Collective Retreats.
Greenspring Associates had led the company’s $50m series C round, in January 2019, which also featured Aviva Ventures, the corporate VC unit of insurer Aviva, as well as Altos Ventures, Autotech Ventures and Tandem Capital.
Aviva Ventures and Altos Ventures co-led a $25m series B round for Outdoorsy in 2018, investing together with existing backers Autotech Ventures and Tandem Capital. It had previously raised $6.5m from Autotech, NFX, Tekton Ventures and individuals including its founder and CEO, Jeff Cavins.