Vacation rental-listing website AlwaysOnVacation is raising new money to continue helping folks relax (or attempt to).
We spotted a U.S. Securities and Exchange Commission filing from the company that states that it’s seeking to raise $2.6 million dollars in equity funding. According to the document, no sale has occurred yet.
AlwaysOnVacation is an online directory for vacation rentals and hosted rental properties for travelers. According to its website, AlwaysOnVacation has over 65,000 rentals, in 120 countries, and in 16 languages. The company also offers $1,000 in insurance for renters, as well as last-minute deals and discounts.
Last time the company raised funding was in November of 2013, when it sought to raise a total of $1.36 million.
AlwaysOnVacation’s competitors include Airbnb, HomeAway, Wimdu and 9flats — and though it strikes us as an Airbnb clone, it actually arrived on the scene before Airbnb. So much for first-mover’s advantage?
Less than a month ago, Airbnb raised $450 million as its fourth round of funding. Airbnb has been fighting city regulations in New York City in particular, revolving around people’s rights to rent out any portion of their homes which is only only legal if they own it. In turn, the smaller competitors HouseTrip, Wimdu, and 9Flats formed a lobby back in November, presumably because a group effort could help them better support tenants and fight any legal issues.
AlwaysOnVacation was founded in 2006 and is based in San Ramon, Calif.
Powered by VBProfiles