Camplify, an Australia and UK-based provider of a caravan hire and RV sharing community, raised $8.5M in funding and acquired PaulCamper, a Berlin, Germany-based campervan sharing platform.
The amount of the acquisition deal was $47.6M.
Launched in Australia in 2015, Australian-listed Camplify expanded to the UK three years ago. This acquisition will see the brand accelerate its expansion across Europe, as it works with the PaulCamper business to bringing a shared vision of creating van life for all across the continent. The deal doubles the size of Camplify’s business – fleet size, bookings, gross profit, and customers, and provides a footprint for further organic expansion. It will also see Camplify acquire the PaulCamper Insurance Broking division. PaulCamper Insurance Broker GmbH allows PaulCamper to operate as an insurance broker to customers in its current European markets. Camplify intends to extend the current PCIB insurance products and reach to develop a suite of insurance products with a primary focus on existing markets with an intention to expand products and geographies. With the deal, the company will offer motorhome retails in Australia, New Zealand, Spain, the UK, the Netherlands, Germany, and Austria.
Led by Founder and CEO Drik Fehese, who becomes Head of European operations, PaulCamper is a brokerage platform for individual camping vehicles in Europe. Owners of motorhomes, caravans and camping buses can rent out their vehicles via the portal and thus enable outdoor fans who do not own a vehicle to get access to this kind of travel and personal freedom.
Led by Founder and CEO Justin Hales, Camplify operates campervan and motorhome sharing communities globally. Launched in Australia in 2015, the company expanded to the UK in 2019 and is now the UK’s fastest-growing caravan hire and RV sharing community. It has enables explorers across the UK enjoy 25,000 nights under the stars and over 1,100 ‘van-trepreneurs’ boost their income by up to £20,000 a year.
FinSMEs
27/10/2022