Getaway, a startup that offers tiny cabins in nature within a
two-hour drive of major cities in the United States, has closed a $41.7 million
Series C funding round led by Certares, an investment firm led by Greg O’Hara, with
participation from existing investors.
Getaway's destinations are known as Outposts and consist of furnished
cabins of no more than 200 square feet that are available to rent by the night
and equipped with linens, towels, basic kitchen equipment and, by design,
without Wi-Fi. Each Outpost also has outdoor space with a fire pit, table and
Current Outposts are located in a dozen locations outside cities
such as Atlanta, Austin, Boston, Charlotte, Cleveland, Dallas, Portland and
Washington. The company says it saw a 150% increase in bookings in 2020
compared to 2019 and nearly 100% occupancy at its existing properties.
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The Series C funding follows a $22.5 million Series B round
led by Starwood Capital that closed in June 2019. Getaway says it will use
the new funding to accelerate development, with new Outposts opening near cities
such as Chicago, Nashville and Seattle.
“Our mission at Getaway has always been to provide people with a
simple way to disconnect in nature, and in 2020 we have seen people turn to
Getaway as a destination to safely disconnect,” says Getaway founder and
CEO Jon Staff.
“We're excited to partner with Certares to continue our mission
to provide mindful escapes where people can safely travel and reconnect with
Certares founder and senior managing director Greg O’Hara says: “Since its founding, Getaway's commitment to the guest experience has resulted
in exceptional customer satisfaction, which has propelled the company's
market-leading growth. Getaway is a great fit for Certares and we are excited
to leverage our extensive industry resources to help the company continue to
Getaway was founded in 2015.