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Craft Ventures and Goldcrest Capital led the fundraising round and are looking forward to continuing to work with Cabana as it enters its next stage of expansion. The round was also joined by Launch, Castor Ventures, Nordic Eye, Gaingels, and other strategic angels and syndicates.
FREMONT, CA: Cabana, a travel-tech business reimagining how modern travelers get out and explore through its premium mobile hotel experience, has acquired $10 million in Series A investment after experiencing great consumer demand following the company's official launch in Seattle last year. Craft Ventures and Goldcrest Capital led the fundraising round and are looking forward to continuing to work with Cabana as it enters its next stage of expansion. The round was also joined by Launch, Castor Ventures, Nordic Eye, Gaingels, and other strategic angels and syndicates.
This most recent round of financing brings the company's total capital investment to $15 million. "Cabana's growth during the pandemic proves the increasing consumer shift away from traditional modes of travel," stated David Sacks, co-founder and general partner of Craft. "We look forward to seeing Cabana expand into new markets and enhance its superior fleet of upscale, affordable mobile hotels."
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Interest in vanlife is growing, as indicated by the 10.2 million Instagram posts featuring the hashtag #vanlife, with 3.4 million posts only since the pandemic began. Cabana is capitalizing on this demand by delivering the experience to visitors who want to be adventurous, flexible, and frictionless while also having access to more luxury facilities in a way that no one else in the business has. Paul English, co-founder of Kayak and founder and CTO of Lola.com, is a massive supporter of Cabana's attitude in the industry. "Cabana is leading the thinking behind how Americans will vacation today and in the future. Their custom 'hotel on wheels' gives travelers the best of both worlds, a comfortable modern stay and the freedom of the road," Paul explains. "It's the best experience to get a taste of both the city and its surrounding outdoor beauty."
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