RVshare
155 Montrose West Ave Suite 200, Akron, OH, 44321, United States
Overview
RVshare operates a peer-to-peer marketplace that lets RV owners list motorhomes, camper vans and trailers for rent to travelers. Founded in 2013 and led by CEO Jon Gray, the company has assembled a network of more than 100,000 recreational vehicles and trailers. Demand surged during the COVID-19 pandemic, with bookings jumping 650% from April to May 2020 and fall bookings rising 166% year‑over‑year from 2019. The company is based in Akron, Ohio and has positioned itself to capture increased domestic travel interest. RVshare raised more than $100 million from private equity investors to provide operational support and scale its business to meet booming demand. Management and investors have framed the category as still early and expect to use the capital to expand operations and marketplace capacity. RVshare operates a peer-to-peer marketplace that connects RV owners with renters across the United States. Founded in 2013 by President Joel Clark, the company serves more than 60,000 RV owners. It secured committed funding to support growth and platform development. The company intends to use the capital to accelerate growth through enhancements in user experience, marketing, and hiring talent. Financially, RVshare has a $50M committed funding facility and will initially call down $20M of that capital.
- Total raised
- $150M
- Funding rounds
- 2
- Latest round
- Equity
- Latest activity
- Oct 2020
Industries
- Marketplace
- Rental
- Travel
- Travel Accommodations
Recent funding
Equity
Oct 2020
$100M
Equity
Feb 2018
$50M