Feb 13, 2018 - Technology

"Airbnb for RVs" raises $25 million

Photo by Mark Davis / Getty Images

Outdoorsy, an Airbnb-style service for recreational vehicles, has raised $25 million in Series B funding.

Why it matters: Because this is more about millennials than retirees, which blows up all sorts of generational stereotypes.

Not only does Outdoorsy say that millennials are responsible for 38% of annual RV rentals, but Winnebago reports that RV sales are at a 50-year high and that millennials comprise 44% of first-time buyers.

Aviva Ventures and Altos Ventures co-led the round, and were joined by return backers Tandem Capital and Autotech Ventures.

"RV owners set prices [via Outdoorsy], keeping between 80-94% of the total based on their 'trust' ranking scores on the site and on how many vehicles they are renting. (The more they rent, the more they keep.) Outdoorsy separately keeps at least 10% of the overall rental price, in part to pay for on-demand insurance, along with unlimited roadside assistance."
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