HomeToGo.com, the Berlin-based vacation-rental search engine, closed a $20 million Series B investment, led by new investor Insight Venture Partners and with participation from Series A investors DN Capital and Acton Capital Partners. HomeToGo said in a statement that it would use the funds to expand internationally and speed creation of new products. Founded in January 2014, the company operates in nine European countries – Austria, France, Germany, Italy, the Netherlands, Poland, Spain, Switzerland and the United Kingdom – and in the United States. Insight is based in New York, DN is in London and Acton is in Munich.
Global Vacation Rental Metasearch HomeToGo Secures $20 Million in a Series B Round Led by U.S. Investor Insight Venture Partners
New York – April 15, 2016 – HomeToGo (https://www.hometogo.com), the world’s largest search engine for vacation rentals, today announced they have received a $20 million investment from New York-based venture capital and private equity firm, Insight Venture Partners, along with participation from Series A investors, DN Capital and Acton Capital Partners. The growth capital will be used to further international expansion and accelerate product innovation.
With over 6 million vacation rental offers, of which 3.8 million are instantly bookable accommodations, HomeToGo offers the world’s largest range of directly bookable vacation rentals. HomeToGo provides a sleek, user-friendly interface for consumers to discover choice accommodations from many different providers, including Booking.com, VRBO, HomeAway, HouseTrip and FlipKey. The site eliminates time consuming internet research for travelers, making it easy for users to select their ideal accommodation comfortably and book through the best provider.
Founded in January 2014 by travel technology, tourism and e-commerce veterans Dr. Patrick Andrä, Wolfgang Heigl and Nils Regge, the Berlin-based company has succeeded in integrating more than 250 partners in over 200 countries. In two years they have successfully launched in nine European countries, namely Germany, France, Poland, Italy, Spain, Austria, the Netherlands, Switzerland and the United Kingdom, as well as in the United States.
“HomeToGo fits clearly within our strategy of investing in growing companies that serve a global customer base with innovative technology solutions” says Brad Twohig, Managing Director at Insight Venture Partners. “We are pleased to support HomeToGo in this new phase of growth as they continue providing real value for customers in the vacation rental market.”
Frank Seehaus, Managing Partner at Acton said, “The past year with HomeToGo has been driven by positive momentum and steady growth. For us, the decision was very easy to continue to support this strong product and the team. HomeToGo developed exactly the solution that the user was looking for.”
Nenad Marovac, Managing Partner at DN Capital, commented “HomeToGo is a startup that we support with great pleasure and with pride. The speed in which HomeToGo is growing in addition to their focus around creating a best in class travel metasearch for the vacation rentals vertical has impressed us the most.”
“The trust from our Series A investors Acton and DN Capital coupled with our new investor, Insight Venture Partners, makes us very happy and confirms our belief that we have made a lot of strong decisions and truly have the best team to tackle the market.” said Dr. Patrick Andrä, CEO and co-founder of HomeToGo. “It is important that we have found partners who want to push ahead with HomeToGo’s expansion into other countries and further successes.”