The Munich-based company Roadsurfer has received financing totaling €85 million. The funds come from two separate sources: an asset-backed securities (ABS) financing of €60 million from Macquarie Group and a €25 million venture debt financing from the Spanish banking group BBVA. With the fresh capital, Roadsurfer plans to further expand its fleet of around 10,000 campers. The company also intends to Startup to strengthen its presence in the European and North American markets.
The new ABS agreement with the Macquarie Group increases the existing ABS structure to a total of €200 million. The capital will primarily be used to further expand the fleet and scale the operating business. Sarah Milne, Managing Director, Securitisations at Macquarie, says:
"We are delighted to support Roadsurfer's continued growth by expanding its ABS financing. This transaction underscores Macquarie's deep expertise in structuring and managing ABS solutions, as well as our commitment to enabling innovative companies to scale effectively."
The €25 million supplementary venture debt financing with BBVA will primarily support Roadsurfer's digital development. The funds will also be used for the company's overall growth. The agreement is part of the European Union's InvestEU program and the European Investment Fund, thus offering particularly favorable terms. Donatella Callegaris, Head of Venture & Growth Lending at BBVA in Europe, explains:
"Roadsurfer represents the type of companies we at BBVA want to support: they are digital, innovative, and aim to promote 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 emerging international companies."
Trust in Roadsurfer's business model
Markus Dickhardt, co-founder and CEO of Roadsurfer, speaks positively 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 developed into one of the world's leading providers in the outdoor travel market with rental, subscription, and sales of campervans, as well as the Roadsurfer Spots parking platform. The startup currently operates over 90 locations in 16 countries – including Germany, the US, and Canada. The fleet consists of well-known brands such as VW, Mercedes-Benz, and Ford.
