One year after its seed funding round
,
“mobile hotel” startup
Cabana
has raised another $10 million in a Series A
round.
The latest funding was led by Craft
Ventures and Goldcrest Capital with participation from Launch, Castor Ventures,
Gaingels, Nordic Eye and other strategic angels and syndicates.
Cabana is a rental platform offering a
fleet of vans that have been customized to serve as mobile hotel rooms, equipped
with a bed and bedding, a shower, toiletries, Wi-Fi, a water tank and, in some
units, kitchens.
The company says its business has
surged since its official launch last year in Seattle, with more than 6,700
nights booked.
“Cabana's growth during the
pandemic proves the increasing consumer shift away from traditional modes of
travel,” says David Sacks, co-founder and general partner of Craft Ventures.
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“We look forward to seeing Cabana expand into new markets and enhance its
superior fleet of upscale, affordable mobile hotels.”
Cabana has added operations in Los Angeles and now has a fleet of 35 two-passenger vans, with
plans to add more than 100 more vehicles with the new funding, including some
four-passenger vans to accommodate larger groups and families. The company also
created Cabana Concierge, a custom itinerary-planning service provided to customers
at no extra charge.
“This new round of funding allows us to
significantly grow and evolve the Cabana platform, focusing on building out
hardware, software and infrastructure beyond what we've created to date,"
says Cabana founder and CEO Scott Kubly.
“We launched during the pandemic when non-traditional travel exploded in
popularity, giving us a solid foundation to build from and the ability to test
various things and get insights from our customers - all extremely valuable to
us as a startup - and are looking at expanding the Cabana experience beyond the
van itself.”