Subject: LIC
Campspot Announces Strategic Growth Investment From Vertica Capital Partners to Advance Tech-Driven Solutions in Outdoor Hospitality Industry
Campspot, the leading provider of campground management and reservation software in North America, today announced a significant strategic investment from Vertica Capital Partners, a software-focused investment firm based in New York.
GRAND RAPIDS, Mich., Feb. 7, 2025 /PRNewswire-PRWeb/ -- Campspot, the leading provider of campground management and reservation software in North America, today announced a significant strategic investment from Vertica Capital Partners, a software-focused investment firm based in New York.
The strategic investment will enable Campspot to advance its offerings in several key areas, including expanded customer service and account management, investments in sophisticated revenue management tools and analytics, and the introduction of new products designed to help campgrounds reduce costs and drive operational efficiency. Campspot will also continue to invest in and grow its campground distribution capabilities, both through its own consumer marketplace (campspot.com) and through integrations with other leading travel providers.
"Our focus has always been on helping campgrounds succeed, and with this strategic investment, we're entering an exciting new chapter?one where we can deliver even more value to our customers," said Michael Scheinman, CEO of Campspot. "Campspot was created by campgrounds for campgrounds, and even as the scaled, mature industry leader that we are today, our commitment to that original mission remains stronger than ever."
Campspot will continue to operate as a standalone company under its current leadership team. With this independent structure, Campspot is well-positioned to continue focusing on delivering value directly to its customers. The company's leadership is committed to maintaining its role as the largest provider of campground software while embracing new opportunities to support the ever-evolving outdoor hospitality industry.
"We are thrilled to partner with Campspot," said Vitaly Vorobeychik, Managing Partner of Vertica Capital Partners. "We have strong conviction about the role that technology can play in advancing the outdoor hospitality industry, and through our extensive research we found that Campspot was the clear market leader and best positioned to succeed in this space."
After a record-breaking 2024 for Campspot, in which it facilitated 47 million camper nights for private and municipal campgrounds and landed in the Inc. 5000 list of fastest growing companies for the third year in a row, the strategic investment represents a pivotal moment in the company's evolution.
About Campspot
Campspot is the leading booking platform for campgrounds, RV parks, and glamping resorts across North America. Campspot Software offers campground owners and operators an intuitive and powerful solution to manage reservations, pricing, and guest communications while delivering a seamless booking experience for campers. With over 2,800 parks using the Campspot platform, the company continues to revolutionize the outdoor hospitality industry by helping operators maximize revenue and improve efficiency. For more information, visit software.campspot.com.
About Vertica Capital Partners
Vertica Capital is a New York-based investment firm focused on the software sector. The firm works closely with founders and leadership teams to build market-leading software companies. The fund's Limited Partners include a broad base of software entrepreneurs, university endowments, charitable foundations, family offices, pension funds, funds of funds, and other financial institutions. For more information, visit www.verticacp.com.
Media Contact
Carolin Fuller, Campspot, 1 (616) 226-5500, [email protected], https://www.campspot.com/
SOURCE Campspot
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