Getaway Raises $41.7M in Series C Funding Led by Certares
Barack Ferrazzano represented Getaway – an outdoor and wellness focused hospitality company – in a deal that secured $41.7 million in Series C financing. The round was led by Certares, with continued support from L Catterton, Starwood Capital Group, and other existing shareholders. The Series C round follows the June 2019 $22.5 million Series B round led by Starwood Capital Group.
Getaway is a unique hospitality company providing mindful escapes to tiny nature-surrounded cabins within two hours of major cities that offer guests the ability to “unplug” from the stress of daily life, reset, and embrace simple pleasures.
Due to high demand from people looking to travel safely, this new round of funding will expedite the opening of new Getaway Outposts in major cities across the U.S., including additional Getaway Outposts in New York and Boston as well as new Getaway Outposts in Chicago, Nashville, and Seattle, among other locations. "Our mission at Getaway has always been to provide people with a simple way to disconnect in nature, and in 2020 we have seen people turn to Getaway as a destination to safely disconnect," said Getaway founder and CEO Jon Staff.
Barack Ferrazzano acted as counsel in advising Getaway in this transaction. Barack Ferrazzano's team was led by Andrew R. Grossmann, Megan Ratia, and Brandon P. Knop. Real estate matters were handled by Dapo A. Adedeji.
To read more about this transaction, visit: https://www.prnewswire.com/news-releases/getaway-announces-41-7m-in-series-c-funding-by-certares-accelerating-outpost-openings-across-the-us-301223283.html
Founded in 2015, Getaway offers simple escapes to tiny cabins in nature just outside of major cities, allowing guests to disconnect from the overstimulating demands of modern life. Getaway builds “Outposts” — collections of tiny cabins in rustic locations within a two-hour drive of major cities like Atlanta, Austin, Chicago, Los Angeles, and New York. Getaway plans to expand to at least 17 Outposts this year, up from 12 in 2020 and nine in 2019.
To learn more about Getaway, visit: https://getaway.house/about