The Munich-based company Roadsurfer has secured a total of 85 million euros in financing. The funds come from two separate sources: an asset-backed securities (ABS) financing of 60 million euros from the Macquarie Group, as well as a venture debt financing of 25 million euros from Spanish banking group BBVA. With the fresh capital, Roadsurfer plans to further expand its fleet of currently around 10,000 campers. Additionally, the startup aims to strengthen its presence in the European and North American markets.
The new ABS agreement with Macquarie Group increases the existing ABS structure to a total of 200 million euros. The capital will primarily serve further fleet expansion and scaling of business operations. Sarah Milne, Managing Director, Securitisations at Macquarie, states:
“We are pleased to support Roadsurfer in its continued growth through the expansion of its ABS financing. This transaction underscores Macquarie’s extensive expertise in structuring and managing ABS solutions and our commitment to enabling innovative companies to scale effectively.”
The supplementary venture debt financing with BBVA of 25 million euros primarily supports Roadsurfer’s digital development. The funds will also flow into the company’s overall growth. The agreement is part of the European Union’s InvestEU programme and the European Investment Fund, offering particularly favorable terms. Donatella Callegaris, Head of Venture & Growth Lending at BBVA in Europe, explains:
“Roadsurfer represents the type of company we want to support at BBVA: they are digital, innovative, and committed to promoting a more sustainable way of traveling. Roadsurfer’s growth reflects the dynamism of the European entrepreneurial ecosystem and demonstrates our commitment to providing flexible financing solutions to internationally ambitious companies.”
Confidence in Roadsurfer’s business model
Markus Dickhardt, co-founder and CEO of Roadsurfer, expresses optimism about the financing:
“These financing rounds reflect our partners’ confidence in our business model. The collaboration with Macquarie and BBVA was characterized by constructive dialogue and a shared understanding of long-term value creation.”
Roadsurfer was founded in Munich in 2016 and has become one of the world’s leading providers in the outdoor travel market through campervan rentals, subscriptions, sales, and its campground platform Roadsurfer Spots. The startup currently operates more than 90 locations in 16 countries – including Germany, the USA, and Canada. The fleet consists of renowned brands such as VW, Mercedes Benz, and Ford.
