Seven years after founding the glamping company Under Canvas, in 2009, Sarah and Jacob Dusek knew it was time to raise outside funding. The couple’s safari-inspired, luxury camping business had grown annual revenue to $8 million in 2016 from around $1 million in 2014 with just three sites, located near national parks in Montana and Utah. To expand to more sites, however, they would need more capital.
How a PE-Backed Glamping Company Grew Its Valuation by 5x in Just 13 Months
October 31, 2023
After taking an investment from SBJ Capital, Under Canvas sold for more than $100 million. Inc.com