RV rental startup marketplace Campiri added €2.7 million to its seed round, bringing its total seed funding to €4.6 million. This marketplace connects people looking to rent camper vans with private owners and rental companies.
Rockaway Ventures led the investment, followed by Milton, which previously invested in Campiri, as well as Purple Ventures and angel investors, according to a report.
Beginning in 2020 in the Czech Republic, Campari expanded its market to Poland, Greece, and Slovakia during the start of the year. It offers various camper van styles, from small units to large luxury motorhomes.
The company said it plans to use the funding to enter new markets, hire more personnel, and purchase vehicles to sell to people who want to rent on the platform.
“We have bolder plans than just being a local player. The current investment gives us the opportunity to expand beyond the Czech borders. The majority of the funding is going to support our expansion and recruitment of senior staff,” said Campiri CEO Lukáš Janoušek.
“While we see great potential in Central Europe, we also see Eastern and Southern Europe as huge opportunities, and we believe it is the ideal time to enter these markets. There are already several competitors in the West, but digitization is just beginning in the Central and Eastern Europe region.”
Campari said that in 2021 customers spent over 5,000 nights in vehicles rented from its platform, and about a fifth of Czech rental companies joined the marketplace. They currently plan to achieve the same success in other markets and grow their inventory to 1,200 vehicles.
“What attracted us to Campiri was the digital business model that connects motorhome owners with those interested in renting them. The popularity of this form of travel is growing, and it has a demonstrably lower environmental impact,” said Dušan Zábrodský, investment partner at Rockaway Capital.
“Sustainable projects in camping and caravanning are also in line with our ESG [environmental, social and governance] strategy, which is a key factor for us. Our investment in Campiri is a logical continuation of our recent investments in the digitization of car rental and sales.”
Campiri said it donates 1% of each lease to support projects focused on ecology and sustainability.
This article originally appeared on PhocusWire.