HouseTrip.com, a European holiday apartment website, has completed a $17m (CHF15m) Series B funding round.
The round was led by Balderton Capital, with participation from existing investor Index Ventures (read here).
The company intends to use the funding for product development, through increased functionality of the website, inventory increase, and geographical expansion.
Co-founded by CEO Arnaud Bertrand and Junjun Chen, HouseTrip.com allows guests to find and book villas and apartments for short-term stays in an easy-to-use, secure environment.
The site offers hosts the opportunity to list their properties free-of-charge and a number of easy-to-use online tools, taking the hassle out of managing the bookings and receiving payments.
Launched in January 2010, HouseTrip.com has generated bookings for over 500,000 nights so far, with 55,000 properties already listed in thousands of key global destinations.
In conjunction with the funding, Tim Bunting of Balderton Capital will join Neil Rimer of Index Ventures on the company’s board.
FinSMEs
22/11/2011