Inspirato Raises $20M in Venture Capital Funding from Institutional Venture Partners

Inspirato, a Denver, CO-based club for luxury consumers, has raised $20m in venture capital funding from Institutional Venture Partners (IVP)

The company intends to use the funding to add at least 180 new properties in 2012 to its portfolio of luxury homes.

Led by Founder and CEO Brent Handler, Inspirato is designed specifically for luxury consumers and offers access to a portfolio of luxury homes in top destinations across the world, including California, the Caribbean, Colorado, France, Hawaii, Italy, London, Mexico, New York City, etc.
To keep membership fees low, it leases vacation properties (rather than owning them).

Launched in January 2011, Inspirato received $17.5m in equity funding led by Kleiner Perkins Caufield & Beyers (KPCB) last October (read here).



One comment

  • Inspirato has certainly grown incredibly rapidly since they launched a couple of years ago, and the new partnership with American Express should ensure the fast growth continues.
    They’ve inspired others and there are now a few clubs with a fairly similar model. In addition there are several equity destination clubs where members actually own the club homes.
    Portico is the biggest of the direct competitors, and is owned by Exclusive Resorts – there’s a side by side comparison article of Inspirato v Portico here . There’s pros and cons to both of them. Portico currently has a lower joining fee of $2,500, but Inspirato has more locations and residences and fully leases its properties to better control the experience.
    If you’re getting up to speed on the different clubs then this is a good place to start to compare the luxury destination clubs, including the equity based clubs.

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