Inspirato inspires investors to action, raises additional $20 million
Inspirato, the vacation destination club, has logged another $20 million in growth capital.
This latest financing was led primarily by new-to-Inspirato investors W Capital Partners, with participation by existing investors Institutional Venture Partners and Millenium Technology Venture Partners.
The cash influx will be used to expand the company’s portfolio of luxury vacation rentals – not a cheap prospect, given the costly long-term leases and property management involved. The cash will also maintain the company’s position in the marketplace, says founder and CEO Brent Handler:
Inspirato is well capitalized. However, this additional financing allows us to pursue broader expansion while at the same time continuing to invest in our most important priorities — delivering world-class vacations and service for our members, growing our portfolio with new homes and destinations, and adding value to membership.