US: The world’s largest vacation rental search engine, HomeToGo, has closed its latest round of funding and acquired its largest competitor in the US, Tripping.com.
The Berlin-based company allows visitors to search and compare over 15 million accommodation offers from more than 300 travel providers across the world, including Booking.com, VRBO, HomeAway and TripAdvisor.
With this deal, it will have raised more than $150 million since it was founded in 2014 by Wolfgang Heigl, Dr. Patrick Andrae and Nils Regge.
Current CEO and co-founder Andrae said in a statement: “I’m particularly proud that HomeToGo acquired our strongest competitor Tripping.com just three years after entering the US market. After all, it’s not every day that a technology company from Europe takes over an established American company.”
Users visiting the HomeToGo website can make use of the search engine’s intuitive features such as flexible dates to allow them to find their desired vacation home rental based on their preferred destination, travel dates, budget and amenities.
HomeToGo will continue to run Tripping.com as a brand in addition to another investment in CASAMUNDO. Taking into account the recent acquisitions, the travel comparison site has more than doubled its already high cash reserves with its latest round of funding.
The company’s current investors include Insight Venture Partners, Action Capital Partners, DN Capital, Global Founders Capital, Perpetual Investors and mojo.capital. The group has also recently expanded its portfolio with investments from Lakestar and Princeville Global.
Anyone seeking more information on HomeToGo can visit its website at www.hometogo.com.