When shelter-in-place was initially announced in the United States, a lot of companies in the travel space saw reservations drop. Some shuttered. Hipcamp, a San Francisco-based start-up that offers personal land for individuals who want to go glamping or camping, discovered itself in a comparable area (even though its whole sell is about getting you far from crowds).
“Bookings took a sheer drop as individuals sheltered-in-place, and we actually encouraged individuals to cancel,” founder Alyssa Ravasio said in an interview. The start-up performed a round of layoffs back in April, mentioning “economic uncertainties.” One employee informs TechCrunch that 60% of the business was laid off in 2 weeks. Hipcamp did not comment straight on the number of layoffs, aside from to state the percentage of laid off employees is substantially lower than the 60% report.
Months later, Hipcamp is in a far better spot. When stay-at-home orders raised, bookings increased with people eager to get outside, which the CDC states is a more secure activity than being inside a location with less ventilation. Ravasio says that Hipcamp has actually even brought back some employees it initially laid off. The start-up is presently working with.
Off this new momentum, Hipcamp today announced that it has obtained Australia-based landsharing start-up Youcamp, marking its very first expansion into a worldwide market. With the new business, Hipcamp will obtain Youcamp’s existing 50,000 listings, bringing its overall to 420,000 listings.
Hipcamp decreased to disclose the financials of the offer at this time.
Youcamp, founded by James Woodford, was born in New South Wales in 2013. Similar to Hipcamp, Youcamp worked to draw urban-based grownups to the great outdoors. For its 7 years as an independent business, Youcamp racked up listings by working directly with personal landowners.
Ravasio states she made her first big worldwide bet in Australia partially since of profits predictability.
“Expanding to the Southern Hemisphere also assists us represent natural seasonality with outdoor leisure. Between the U.S. and Australia, it’s an endless summer,” the founder stated.
The whole group at Youcamp will join Hipcamp, adding 5 to Hipcamp’s staff, bringing its worker base to a total of 35.
In addition to the acquisition statement, Hipcamp shared that it is officially launching in Canada. The startup currently had a variety of Canadian hosts, however it will now increase the total by partnering straight with private landowners.
The company decreased to share profitability or development statistics, rather indicating aggregate use numbers as some sort of cumulative income parallel. To date, Hipcamp has helped people spend 2.5 million nights outside throughout 6,000 hosts in the United States, Australia and Canada.
In July 2019, Hipcamp got a tranche of new capital from investors, including but not limited to Andreessen Horowitz, Criteria, Slow Ventures, Marcy Ventures (co-founded by Shawn Carter, or Jay-Z) and Dreamers Fund (co-founded by Will Smith). The round valued the start-up at $127 million.
Hipcamp, which has been dubbed by The New Yorker the “Airbnb of the outdoors,” is more positive than it was in March, as shown by this appetite for acquisition. The progress mirrors what we’re seeing out of the real Airbnb, which has actually found bookings increasing year over year as people aim to remain at residential or commercial properties for local vacations.
Article curated by RJ Shara from Source. RJ Shara is a Bay Area Radio Host (Radio Jockey) who talks about the startup ecosystem – entrepreneurs, investments, policies and more on her show The Silicon Dreams. The show streams on Radio Zindagi 1170AM on Mondays from 3.30 PM to 4 PM.