Love Home Swap Raises £850K in Funding
Love Home Swap, a UK-based holiday home exchange website, has raised £850k (approximately $1.33m) in funding.
The round was led by MMC Ventures.
The company intends to use the new capital to develop the business.
Launched in October 2011 by CEO Debbie Wosskow, Love Home Swap provides members with the opportunity to swap their homes for stylish and unique residences across 70 countries.
The company generates revenue through member subscriptions. In addition to a home swap service, premium membership offers access to a dedicated travel team, personal concierge, travel guides and other benefits.
An initial trial costs £1 for 4 weeks and then £99 for standard annual membership thereafter, £199 for the luxe option including concierge service.