Czech Republic: Caravan rental platform Campiri has raised funding from Rockaway Ventures and others to support the company’s expansion across Europe.
Campiri has a goal of increasing its motorhome inventory to 1,200 vehicles across all markets this year.
The recent funding, led by Rockaway Ventures Fund, injected €2.7 million into the startup. Miton and Purple Ventures also participated in the round.
To date, Campiri has raised €4.64 million which will be used to establish the company in new markets.
At the beginning of this year, Campiri entered Poland, Greeze and Slovakia. The team aims to establish a presence in three more central European countries.
CEO Lukáš Janoušek said: “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. While we see great potential in central Europe, we also see eastern and southern Europe as huge opportunities.”
Dušan Zábrodský, investment partner at Rockaway Capital added: “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. Sustainable projects in camping and caravanning are also in line with our ESG strategy, which is a key factor for us.
“Our investment in Campiri is a logical continuation of our recent investments in the digitisation of car rental and sales.”
Further information about Campiri can be found here.