US: Seattle-based ‘mobile hotel’ and camper van rental startup, Cabana, has announced that it has raised $3 million in funding to accelerate its expansion across the country and increase its production of recreational vehicles.
The round was led by venture capital firm TechNexus Venture Collaborative, while the likes of Craft Ventures and Goldcrest Capital have previously invested in the rental startup.
Founded in 2019, Cabana enables travellers to rent out anything from custom-built cargo vans to Ford Transit vans equipped with beds, storage facilities, bathrooms and wifi connection.
Owning a fleet of 50 vans, the startup wants to use the investment to increase that figure to 150 within the next 12 months. Cabana also recently announced plans to expand beyond Seattle, San Francisco and Los Angeles into Austin, Texas next month, and has unveiled two new camper van models – a two-person camper van, modelled on the award-winning Mercedes-Benz Sprinter, and a four-person Cabana Quad, which will launch in early 2023.
Co-founder and CEO, Scott Kubly, revealed that Cabana had accumulated more than 8,000 nights booked in 2022 and that he was already seeing strong booking patterns for the year ahead, despite the Covid Omicron wave, rising petrol prices, and supply chain and labour shortages.
In September, Cabana enhanced its Trip Planning service to allow guests to receive personalised itineraries for their travels, as well as recommendations from “regional experts”.
Terry Howerton, co-founder and CEO of TechNexus Venture Collaborative, said that the investment in the van rental startup would bring “substantial value” to the company’s corporate partners and that they would “support their launch into new markets”.
Founded three years ago, Cabana previously raised $10 million in a Series A funding round in June 2021.