Tripping.com, a San Francisco, CA-based search engine for vacation homes and short-term rentals, raised $35m in Series C funding.
The round was led by Princeville Global with participation from Adams Street Partners, Steadfast Venture Capital and Quest Venture Partners, as well as travel industry veterans Erik Blachford (former CEO of Expedia), Fritz Demopoulos (founder of travel metasearch giant Qunar in China), and Monte Koch (board member at Choice Hotels & founder of Auction.com). In conjunction with the funding, Matt Krna, managing director of Princeville Global, will assume a seat on Tripping.com’s board of directors.
The company intends to use the funds to expand and build its brand both in the US and internationally, mainly in Asia.
Led by Jen O’Neal, founder and CEO, Tripping.com is a large site for vacation homes and short-term rentals with over 10 million property listings in 150,000 destinations worldwide. The platform enables users to compare vacation rentals from the world’s top travel sites including HomeAway, VRBO, TripAdvisor, Booking.com and more.
The company announced that it will generate over $500 million in gross bookings this year, a 600% increase over 2015, and that it has expanded its inventory to 10 million property listings.