RVshare, the world’s first and largest peer-to-peer RV rental marketplace, has announced a US$100+ million fundraising round led by global investment firm KKR, with participation by existing investor Tritium Partners. The fundraising will provide capital, as well as access to KKR’s operational resources and global network, to help RVshare build on its leadership position and record 2020 growth with goals to rapidly scale the RV rental industry.
KKR is making its investment through its Next Generation Technology Growth Fund II, a global fund dedicated to growth equity investments in the technology space.
Latham & Watkins LLP represented KKR in the transaction with a corporate team led by Boston partner Ryan McCarthy, with Boston associates John Miller and Edward Boehme, Los Angeles associate Jason Kass and Century City associate Omeed Anvar. Advice was also provided on tax matters by Los Angeles partner Larry Stein, with Boston associate Joseph Curran; on benefits and compensation matters by Los Angeles partner Michelle Carpenter, with Boston associate Lilly Fang; on intellectual property and data privacy matters by Boston partner Sarah Gagan and Bay Area counsel Robert Blamires, with Los Angeles associate Natasha Phillips and Boston associate Kiara Vaughn; and on insurance matters by Los Angeles partner Drew Levin and Boston counsel Robert Gilbert, with Los Angeles associate Harrison White.