We're thrilled to announce that we raised $4.75M in seed funding! Led by Freestyle Capital, participating investors in the round include Science Inc., Corigin Ventures, Narrative Fund, AVG Basecamp Fund, and James Reinhart and John Voris, CEO and former COO of thredUP. Arrive Outdoors is part of Science Inc., the Los Angeles-based studio and venture fund that partners with early-stage entrepreneurs to build transformative companies. Josh Felser, cofounder at Freestyle Capital, and Mike Jones, co-founder & CEO of Science Inc., have joined the board.
This investment is fueling our mission to help people experience the outdoors sustainably by providing access to premium gear at a fraction of the retail price without the burden of storing or maintenance. We're tapping into a consumer shift as more Americans favor renting over owning: 78% of millennials prefer to spend their money on experiences over products. Arrive Outdoors customers save an average of $1,032 per order when compared to buying gear at an outdoor gear retailer.
“With Arrive Outdoors we wanted to mitigate the hassle and cost of traditional outdoor gear purchase, storage and maintenance”, said Rachelle Snyder, co-founder and CEO of Arrive Outdoors. “The stress of getting the right gear and lugging it to your destination should not overshadow the fun and adventure of outdoor activities.”
The new capital will be used to grow the team, expand operations and fulfillment, and establish more partnerships with brands, parks and snow resorts.
“With the shift in millennial purchasing behavior from owning to renting, Arrive Outdoors simply makes sense”, said Josh Fesler of Freestyle Capital. “People prefer to spend their money on experiences over products and value sustainability, which is at the core of what Arrive Outdoors does.”
Earlier this year, we partnered with Washington State Parks, Michigan State Parks and Utah State Parks to make it easy for everyone to get the gear they need when visiting. Since launching these partnerships in June, and with the combination of camping being a popular summer activity, we've seen a significant increase in reservations and rentals.
In light of COVID-19, we recommend renters follow the National Park Service’s and CDC’s Recreate Responsibly guidelines. We also have implemented extensive health and safety measures. All gear is thoroughly cleaned and treated after each rental with cleaning solutions recommended by the Centers for Disease Control (CDC). For example, tents are washed, treated and line dried before each rental. All apparel is commercially laundered and treated with laundry additives to fight viruses.
We currently support camping, backpacking, skiing, snowboarding, snowshoeing trips and more. In addition to gear, we pride ourselves on our 1:1 support to share knowledge and build confidence in outdoor travel.