Vacation rental site HomeAway gets $250M to buy up the world’s travel sites
Consumers may not feel like traveling much these days. But that hasn’t stopped HomeAway, the online vacation rental marketplace, from raising an astonishing $250 million in venture capital.
The Austin, Texas-based HomeAway will use the money to continue a bold strategy of buying about every travel site in the world.
It will make strategic investments and debt repayments. Technology Crossover Ventures, Institutional Venture Partners, and Redpoint Ventures led the round, which the firms say is the largest… Continue Reading
HomeAway raises $160 for online vacation rentals — largest Internet funding this year
HomeAway, the world’s leader in online vacation rentals, said it has secured $160 million in debt and equity financing to expand globally — including buying the U.S. “rent-by-owner” vacation rental website, VRBO.com (Vacation Rentals by Owner).
This is a huge amount of money, which suggests it wants to go public. The Austin, Texas company’s announcement is here.
This funding represents the largest financing of an Internet software and services company in the U.S. in 2006, the company… Continue Reading