Collective Retreats raised $23 million and plans to expand.
Collective Retreats has announced in a press release that it raised $23 million during its Series C funding round. The round was led by New York-based investment firm Fireside Investments, outdoor marketplace Outdoorsy and with participation from existing investors, including Revolution’s Rise of the Rest Seed Fund, according to a press release.
Collective Retreats plans to use this growth funding to fuel its mission to create dynamic destination retreats and enriching experiences that connect people to each other, to nature and to themselves.
The company has already acquired three new retreats in Vermont’s Green Mountains, California’s Sonoma County and Aspen, Colo., and plans to open 25 new locations in the next four years. The funding and growth plans reinforce the popularity of the rapidly emerging outdoor hospitality space following the COVID-19 pandemic.
Alongside increasing desire from luxury travelers to hit the open road for nomadic adventures, Collective Retreats is entering a new strategic partnership with Outdoorsy. This new venture will combine Collective Retreats’ outdoor hospitality expertise and innovative guest experience programming with Outdoorsy’s technology platforms and global reach. The two industry leaders aim to transform the rapidly growing outdoor hospitality market through the development of innovative new accommodations types and outdoor experiences.
“After a year of isolation without connection to nature, people are clamoring for a new type of luxury travel where traditional hotel rooms and lobbies are swapped for fresh air, trees, and clear blue skies,” said Collective Retreats CEO and Founder Peter Mack. “We’re excited to introduce our guests and Outdoorsy’s loyal followers to new locations and outdoor experiences. Collective Retreats provides just what everyone needs, with the added brilliance of uncompromised luxury hospitality.”
Beginning this Fall, the two companies will launch a new accommodation offering designed to allow Outdoorsy customers to stay in their campervans while at a Collective Retreats location. The new experience will create a seamless outdoor extension to the guest’s vehicle and will provide a private climate-controlled bathroom with a spa shower, covered terrace area and soaking tub. Guests will also gain access to Collective Retreats’ luxury amenities, public spaces, and guest programming, such as farm-to-table tasting menus at its open-air restaurants, cocktail bars, live music, and health and wellness programs.
“One of the biggest barriers to entry for first-time RVers renting on Outdoorsy has always been the looming question of where to stay or camp at night,” said Outdoorsy’s co-founder and CEO Jeff Cavins. “Keep in mind that, for the majority of people renting an RV, this is their first time not staying in a hotel while on vacation, so that is the mindset they’re in. They’re looking for a bridge between camping somewhere convenient and camping somewhere they can anticipate a level of consistency and care. They’ll drive the extra mile if it means sleeping in comfort, and through our new campground offerings with Collective Retreats, we are answering that question of ‘Where do I camp?”
Founded on a vision to connect people and beautiful places in a more authentic and genuine way, Collective Retreats’ expansion and partnership with Outdoorsy will introduce travelers to a new type of luxury vacation journey that continues to connect people with nature through innovative design and bespoke outdoor experiences.