RVshare, a peer-to-peer recreational vehicle rental platform, has secured a $50 million investment from Tritium Partners to accelerate growth of its marketplace.
This is RVshare’s first funding round since it launched in 2013. It currently serves more than 60,000 RV owners offering options from travel trailers to luxury motorhomes.
The investment comes just a week after rival service Outdoorsy captured a $25 million round of its own from Aviva Ventures and Altos Ventures, with participation from existing investors Tandem Capital and Autotech Ventures.
Clark says it hopes to replicate HomeAway’s success of turning an emerging concept mainstream – in this case a hybrid of transportation and lodging.
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