According to Finsmes, backers included Slow Ventures, BBG Ventures, BoxGroup, and First Round Capital.

The company intends to use the funds to continue to expand its operations and add new locations.

Co-founded by Cristina DeVito and Peter Mack, Collective Retreats offers travel experiences which combines luxury and ruggedness. The company promises that each retreat in its portfolio includes luxury accommodations and dining that enhance its surroundings as well as design, personalized guest attention, and insider information and tips.

The startup currently operate retreats in Vail and Yellowstone.