PrivCo Logo

The Nouveau Campers ⛺

The Nouveau Campers ⛺
July 13, 2021

The Daily Stack is a daily private market insights newsletter by PrivCo, a private company intelligence platform. Read our previous insights.
If you have friends who would enjoy reading this newsletter, please forward this email to them.

If you’re like me, your Instagram feed probably features more than a few photos of grinning, unwashed faces, and babies in backpacks as friends share their summer camping adventures. Moreover, if you’re like me, you might wonder how you might be able to follow in their footsteps, as the reality of summer in the city, surrounded by hot trash & ever hotter temperatures, sets in.

Today we’re looking at the camping industry, which is going through a millennial makeover as the next generation of young people, some of them with children, set out on dusty paths to moonlit serenity. Or, in the case of the glampers out there, the (not so dusty) path leads to deluxe tents and WiFi.

       

                                                                             Pic via Hipcamp

                      
By the numbers

Disposable income, newfound parenthood, and the pandemic all factored into major increases in millennials flooding campsites in 2020. Roughly 10MM Americans became first-time campers in 2020, with over 60% of those campers under 40. More seasoned millennial campers are increasingly committing to the lifestyle making up the largest group of campers at 41%. By 2025, consumers between 30 and 45 yrs old will reach 72 million people.  Some are so committed to the lifestyle (or a lifestyle of minimal expense) that they’re quitting rents & mortgages altogether and living that #vanlife in customized retired school buses or luxe Sprinter vans.

Better UX

Like most things in life, millennials want a flawless online experience to plan their analog trip. The idea of driving 3 hours to a campsite that may or not be full – terrifying. Making phone calls to book? – rather not. Luckily there are options. Hipcamp is Airbnb for camping, where you can pitch a tent on someone’s private lavender farm or stay in a surfer’s airstream out on Rockaway beach. Same with Outdoorsy and RVezy. Kampgrounds of American, or KOA, is the nation’s largest association of private campgrounds and offers multiple ways to stay (lodge, tent, or RV hookup) with a few clicks online.

Gear Up

If you’re ready to book a trip but have none of the equipment, fear not, there’s a hiking & gear market just waiting for you. The gear market, by the way, is projected to be worth $7.4BN by 2027. Igloo is a private Texan unicorn company that's been selling coolers since 1947. Patagonia is a B Corporation dedicated to a business model that outdoor people can get behind. Klymit sells lightweight camping gear for all levels of camper from its Kaysville, Utah headquarters. Osprey sells a backpack for schlepping your kid along the rocky paths for a cool $260-330. 

So Over Brogrammers

GumGum CEO reflects on Pride & urges the end of a singular voice in tech.
[TechCrunch]

The Helping Hand to the 1%
Opinion: How the Fed contributes to the worsening inequality in the U.S.
Since last week, PrivCo has added:

384 Companies | 135 Funding Activities | 87 M&A Deals

Funding & Deal Highlights:
 

Anyvision raises $235MM from SoftBank Vision Fund & Eldridge

AI Software & Internet Services • Round B • Holon, Israel

Cars24 Services raises $225MM from DST Global

Automotive & Consumer Vehicle Retail • Round F • Gurgaon, India

Kurly Co. raises $200MM from Apex Management 

Food & Beverage Retail • Round F • Gangnam-gu, South Korea

Pleo raises $150MM from Bain Capital Ventures & Thrive Capital

Fintech • Round C • Copenhagen, Denmark

Dealshare raises $144MM from Tiger Global Management

E-commerce • Round D • Jaipur, India

Popshop Live raises $20MM from Benchmark

Streaming Software & Internet Services • Round A • West Hollywood, CA

LightGuide Systems raises $15MM from G2VP

Augmented Rality • Round B • Wixom, MI

Rootly raises $3.2MM from XYZ Venture Capital

B2B Software & Internet Services • Seed • San Francisco, CA

Ascenium raises $25MM from Ascenium Holdings AS

Software & Internet Services • Equity • Campbell, CA

Xilis raises $70MM from Mubadala Capital

Biotechnology • Round A • Durham, NC

Garuda Labs raises $60MM from Craft Ventures 

Human Resources & Employment Services • Round C • San Francisco, CA

Twelve raises $57MM from Capricorn Technology Impact Fund

CleanTech Industrial Services • Round A • Berkeley, CA

Coda Project raises $100MM from Ontario Teachers Pension Plan

Document Management Software • Round D • Mountain View, CA

Microsoft Corporation to acquire RiskIQ for $500MM

Cyber Security • Acquisition • San Francisco, CA

Phillip Morris acquires Vectura Group

Pharmaceuticals • Acquisition • Chippenham, U.K.

Bullish acquires Far Peak Acquisition Corp. for $600MM

Investment Management & Financial Advisory • SPAC • New York, NY

Athene Holding acquires Challenger Limited for A$720MM

Insurance Underwriting • Acquisition • Hamilton, Bermuda

Bunq B.V. acquires Capitalflow

Consumer Finance • Acquisition • Amsterdam, Netherlands

Forward to a Friend Forward to a Friend
Not a subscriber yet? Sign up here!
Have an interesting topic you want us to include. Let us know!
Website
Twitter
LinkedIn
Copyright © 2021 PrivCo Media, LLC. All Rights Reserved.
Unsubscribe | PrivCo.com | Contact Us
PrivCo Logo

Company

HomeSign inContactPricing