What is Backroads?
Founded in 1979, Backroads has established itself as a leading active travel company, offering an extensive portfolio of over 4,200 scheduled departures annually across more than 102 destinations worldwide. Spanning six continents, 64 countries, 4 Canadian provinces, and 20 US states, the company specializes in a diverse range of tours including Bike Tours, Multi-Adventure Tours, Walking & Hiking Tours, and Ocean & River Cruise Tours. This broad geographical reach and varied offering position Backroads as a comprehensive provider in the global adventure tourism market.
How much funding has Backroads raised?
Backroads has raised a total of $7M across 2 funding rounds:
Debt
$5M
Debt
$2M
Debt (2020): $5M with participation from PPP
Debt (2021): $2M led by PPP
Key Investors in Backroads
PPP
Public-Private Partnership
PPP
Public-Private Partnership
PPP
Public-Private Partnership
What's next for Backroads?
The recent major strategic investment, alongside the overall enterprise-level funding, signals a strong commitment to Backroads' growth trajectory. This capital infusion is likely to fuel further expansion of its global tour offerings, enhance its digital infrastructure for booking and customer engagement, and potentially explore new market segments within the active and experiential travel industry. The company's established presence and diverse product line suggest a strategic focus on scaling operations and solidifying its market leadership.
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