Collective Retreats has announced that it raised a $23 million 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.
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, Colorado, and plans to open 25 new locations in the next four years. This growth is set to expand Collective Retreats’ portfolio over 300 percent by 2022 and over 700 percent over the next three years.
Collective Retreats is also entering into a new strategic partnership with Outdoorsy. This new venture will combine Collective Retreats’ outdoor hospitality expertise and 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.
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.
Photo: Courtesy of Collective Retreats
