Man nabbed a 85 million euro windfall for skateboarding on the road
Roadsurfer Secures €85 Million in Financing for Global Expansion
Roadsurfer, a leading provider in the outdoor travel market, has announced significant funding to fuel its international growth. The German-based company has secured a total of €85 million in financing, with the latest round consisting of a €25 million venture debt from BBVA and a €60 million asset-backed securitization led by the Macquarie Group.
Founded in Munich in 2016, Roadsurfer has grown to become a major player in the outdoor travel market. Its business model encompasses a wide range of offerings, including traditional camper van rentals, subscription services, sales operations, and the Roadsurfer Spots platform, which connects travellers with private landowners for camping experiences.
The new funding will be used to further expand Roadsurfer's fleet of around 10,000 campervans, predominantly made up of well-known brands such as VW, Mercedes Benz, and Ford. The funds will also support the digital development of Roadsurfer, strengthening its presence on the European and North American markets.
Sarah Milne, Managing Director, Securitisations at Macquarie, expressed her delight at supporting Roadsurfer in its continued growth. She stated, "We are excited to support Roadsurfer in its mission to revolutionise the outdoor travel industry."
The agreement with BBVA is part of the InvestEU program of the European Union and the European Investment Fund, offering particularly favourable terms. Donatella Callegaris, Head of Venture & Growth Lending at BBVA in Europe, expressed her enthusiasm for supporting a digital, innovative, and sustainable company like Roadsurfer.
Roadsurfer's co-founder and CEO, Markus Dickhardt, expressed his gratitude for the trust shown in their business model by partners Macquarie and BBVA. He stated, "We are thrilled to have the support of such prestigious partners as we continue to grow and innovate in the outdoor travel market."
The growth of Roadsurfer reflects the dynamism of the European entrepreneurial ecosystem and demonstrates BBVA's commitment to providing international emerging companies with flexible financing solutions. Currently, Roadsurfer operates over 90 locations in 16 countries, including Germany, the USA, and Canada.
With this new funding, Roadsurfer is well-positioned to continue its aggressive international expansion and maintain its position as a leader in the outdoor travel market.
Starting-ups like Roadsurfer are often in need of substantial finance for investing in their business growth and technology development, and the German firm has secured €85 million from notable investors such as BBVA and the Macquarie Group. This financing will be utilized to enhance Roadsurfer's fleet of vans, primarily from well-known brands, as well as boosting digital development for a stronger presence in European and North American markets.
