|Description||Members-Only Luxury Vacations|
|Series A, 4/11 ||$11M|
|Venture Round, 10/11 |
Kleiner Perkins Caufield & Byers
Access Venture Partners
|Venture Round, 1/12 |
Institutional Venture Partners
|Debt, 8/10 ||$5M|
Inspirato is a private, members-only luxury destination club founded in January 2011 by destination club pioneers Brent Handler, Brad Handler, Martin Pucher and Brian Corbett.
Designed specifically for a new generation of luxury consumers, Inspirato offers the best of destination club consistency and service, together with extraordinary value, flexibility and low-cost membership. In exchange for an initial membership fee and annual dues, Inspirato club members gain access to an expansive portfolio of multimillion-dollar homes in the world’s most sought-after vacation destinations, including California, the Caribbean, Colorado, France, Hawaii, Italy, London, Mexico, New York City and more. Inspirato members also enjoy the service of a personal vacation advisor and onsite destination concierges. By leasing vacation properties (rather than owning), Inspirato is able to keep membership fees significantly lower than many other destination clubs, offer heavily reduced nightly rates, and easily add homes and destinations as demand increases. The club also provides a selection of Inspirato vacation adventure options, including an African safari, a Galapagos Islands voyage, and a backcountry tour of Patagonia, and various club benefits such as special members-only events and discounts on travel-related services.
Less than a year and half after its launch, Inspirato announced it had surpassed the 10,000 vacation-night milestone in addition to welcoming nearly 2,000 club members, raising more than $1 million for charitable causes through their Inspired Giving program, and being named one of “America’s Most Promising Companies” by Forbes and “Best of the Best 2012: Vacation Homes” by Robb Report. As of June 2012, the company had raised $65 million in funding from notable investors including Kleiner Perkins Caufield & Byers, Institutional Venture Partners, Millennium Technology Value Partners and DAG Ventures.
In July 2012, Inspirato announced the launch of two new products: Jaunt by Inspirato encourages club members to vacation more and rewards them for vacationing on short notice. Each week, club members are notified of select homes in the club’s portfolio that are available for immediate booking at significantly reduced rates: $295 per night for the first seven days, and $495 or less per night for the subsequent seven days, representing what may be the most significant discounts ever offered in the luxury travel industry. Inspirato for Business is the club’s corporate offering, which is designed for companies that want to provide their employees or customers the exclusive travel privileges and benefits of an Inspirato membership.