
Arrive
Platform to get premium outdoor gear for rent.
Date | Investors | Amount | Round |
---|---|---|---|
- | investor investor | €0.0 | round |
$4.8m | Seed | ||
Total Funding | 000k |
USD | 2020 | 2021 | 2023 |
---|---|---|---|
Revenues | 0000 | 0000 | 0000 |
% growth | - | 33 % | - |
EBITDA | 0000 | 0000 | 0000 |
Profit | 0000 | 0000 | 0000 |
EV | 0000 | 0000 | 0000 |
EV / revenue | 00.0x | 00.0x | 00.0x |
EV / EBITDA | 00.0x | 00.0x | 00.0x |
R&D budget | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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Arrive operates within the growing access-over-ownership economy, providing a rental platform for premium outdoor and travel gear. The company was founded in June 2017 as Arrive Outdoors by the husband-and-wife team Rachelle Snyder and Ross Richmond. The idea was born from their personal experience after moving from Boston to a small apartment in Los Angeles. Enthusiastic about the proximity to a variety of outdoor activities but lacking the space to store and the funds to purchase all the necessary equipment, they identified a market need.
Initially, the co-founders bootstrapped the venture, handling all deliveries personally within Los Angeles to validate their business concept. The business model is centered on making outdoor experiences more accessible and sustainable. Clients can rent a wide range of gear for activities like camping, backpacking, skiing, and snowboarding. The service allows for delivery anywhere in the continental U.S., be it a residence, hotel, or vacation rental, with free returns included. This model provides significant savings for consumers, who can avoid the high cost of purchasing, storing, and maintaining equipment they may only use infrequently.
Recognizing a larger opportunity, Arrive transitioned its business model. While still serving consumers directly, the company now also offers its proprietary reverse logistics platform as a service to large brands and retailers. This allows retail partners like Eddie Bauer and Dick's Sporting Goods to launch their own rental and resale channels, leveraging Arrive's expertise in logistics, inventory management, cleaning, and customer service. For these B2B services, Arrive charges a management fee and takes a percentage of the revenue generated from each transaction, aligning its success with that of its partners. The company has secured significant funding, including a $4.75 million seed round in 2020 led by Freestyle Capital, to fuel its expansion of operations and partnerships.
Keywords: outdoor gear rental, travel equipment, sustainable consumption, sharing economy, circular commerce, logistics platform, B2B services, reverse logistics, e-commerce solutions, equipment rental, access over ownership, camping gear, ski equipment, backpacking supplies, adventure travel, retail-as-a-service, platform-as-a-service, sustainable travel, outdoor recreation, white-label rental service