Canadian Underwriter

Aviva Ventures contributes to Series B funding of Outdoorsy

February 12, 2018   by Staff

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rv recreational vehicle camping open roadRV-sharing platform Outdoorsy has raised US$25 million in Series B funding, led by Aviva Ventures—the insurer’s corporate venture capital fund—and Altos Ventures.

Outdoorsy recently expanded into Canada, where its rentals are covered by a $2-million third-party liability policy underwritten by Aviva Canada.

Related: RV sharing comes to Canada, insured by Aviva

“Outdoorsy’s launch in Canada last December has been very positive and we’re excited to be part of the growing RV lifestyle in the peer-to-peer marketplace,” said Daniel Ignoto, Aviva Canada’s vice-president of Lifestyle Personal Insurance. “This is just the next step towards expanding our collaboration with the Outdoorsy team.”

The Series B funding will be used to expand Outdoorsy’s geographic footprint, strengthen its marketing efforts and develop its engineering and product teams.

Outdoorsy allows renters to book a variety of RVs online and communicate directly with the owners. Owners select pre-qualified renters through online profiles, and can rate and review renters through the platform.

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This story was originally published by Canadian Insurance Top Broker.