Arrive Outdoors Lands $4.75 Million Investment Round
Stripped of their outdoor gear before their move to Los Angeles, Rachelle Snyder and her husband arrived in the city surrounded by tantalizing outdoor adventure, but with no equipment to enjoy it — and nowhere to affordably get it.
That problem led them to co-found Arrive Outdoors, an outdoor travel company that rents hiking, backpacking, camping, skiing and snowshoe gear and attire.
On Thursday, Santa Monica-based Arrive Outdoors announced they raised a $4.75 million seed round, led by Freestyle Capital.
That's millions raised in three years since their founding in 2017. The couple bootstrapped for the first year and a half, and the intense hustle of their early days are still fresh.
"That first year we delivered every single order ourselves. We were only operating in Los Angeles, and we talked to our customers before and after," Snyder tells dot.LA founder Spencer Rascoff in the most recent Office Hours podcast.
Once Snyder and Richmond determined there was a need for their service, they joined Science, Inc. a Los Angeles-based incubator and venture company. The couple initially worked out of Science's Santa Monica offices, where they worked side by side with other founders who are now close friends. Snyder says,
"We learn(ed) and grew and really had the ability to take our time to figure out challenges together and then grow together — both our own skill set and mindset."
The mindset to prepare for the unpredictable served the company well. Despite the crippling impact the COVID-19 pandemic has had on business across the U.S., Arrive Outdoors has managed to keep all its employees and thrive. Snyder says they're focusing on what they can control and have pivoted their attention to internal projects.
They recently launched partnerships with Utah, Washington and Michigan state parks as their exclusive rental partner. According to an Arrive Outdoors press release, such collaborations timed with summer adventure, "has shown a significant increase in the company's reservations and rentals."
The infusion of capital from Freestyle will help "grow the team, expand operations and fulfillment, and establish more partnerships with brands, parks and snow resorts," the company's press release says.
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