HouseTrip.com Secures $40m Series C

HouseTrip.com, a holiday rental websites has secured a $40 million Series C funding round led by Accel Partners, with existing investors Balderton Capital and Index Ventures also participating. The investment will be used to expand its marketplace into more territories and develop new products and services for travellers and hosts.

PRESS RELEASE

HouseTrip.com, one of the largest holiday rental websites in the world, today announces a USD$40M Series C funding round led by Accel Partners, with existing investors Balderton Capital and Index Ventures also participating. The investment will be used to expand its marketplace into more territories and develop new products and services for travellers and hosts.

HouseTrip launched in January 2010 with a vision to make online booking of holiday rentals as easy as booking a hotel and to empower property owners around the world to generate income by offering a more authentic accommodation experience for travellers. The website provides guests with a compelling selection of more than 130,000 properties available in over 15,000 destinations around the world. By the end of 2012, travellers will have booked more than 3 million nights’ sleep via HouseTrip since its launch.

HouseTrip has achieved phenomenal growth in a highly fragmented market by systematically building quality supply and choice for each of its target destinations. The company is particularly focused on Europe, the largest segment of the $100billion+ global holiday rental market.

Arnaud Bertrand, Co-founder and CEO of HouseTrip, says: “My wife and I created HouseTrip on the back of a painful experience booking a holiday rental. We knew there had to be a better way to discover and book holiday rental accommodation that was both anxiety-free and easy-to-use.”

HouseTrip has simplified and standardised the process of booking holiday rental properties and provides travellers a safe and secure way to discover and reserve accommodation. Additionally, HouseTrip offers powerful tools and services to hosts to help them generate more income and make their lives easier when managing their properties and bookings.

Junjun Chen-Bertrand, Co-founder and CFO, adds: “We are very excited to welcome Accel Partners as we look to expand internationally. Their experience in taking companies global will be a critical asset for the next phase of our growth.”

Sonali De Rycker, Partner, Accel Partners, says: “In a short space of time HouseTrip is fast becoming the destination of choice for the European traveller. With a world-class product and management team, HouseTrip has the potential to create a very successful marketplace in the exciting category of vacation rentals.”

Media Contacts
Ryan Levitt
HouseTrip.com
E: rlevitt@housetrip.com
T: +44 (0) 7779 124262

About Housetrip.com
HouseTrip is one of the largest holiday rental websites in the world, offering holidaymakers and holiday apartment and homeowners a safe and easy-to-use platform to find, book and list holiday apartments, houses and villas securely online. There are currently 130,000 properties to choose from in thousands of destinations worldwide, with an average of 1,000 new listings added each week.
For more information, visit www.HouseTrip.com

About Accel Partners
Founded in 1983, Accel Partners has a long history of partnering with outstanding entrepreneurs and management teams to build world-class businesses. Accel today invests globally using dedicated teams and market-specific strategies for local geographies, with offices in Palo Alto, London, New York City and Bangalore, as well as in China via its partnership with IDG-Accel. Accel has invested in over 500 companies, many of which have defined their categories, including Angry Birds (Rovio), ComScore, Etsy, Facebook, Groupon, Kayak, Playfish, QlikTech, Spotify, and Wonga. For more information, visit the Accel Partners web site at www.accel.com or on Facebook at www.facebook.com/accel.

About Balderton Capital
Balderton Capital is one of the largest venture capital firms in Europe, committed to finding and helping talented entrepreneurs build great companies. Based in London, the firm manages $1.9 billion in committed venture capital. Since 2000, Balderton has invested in over 100 companies, principally in numerous European countries but also in the US and Asia. Notable investments include YOOX Group (the online retailer of leading fashion brands, listed in December 2009), LOVEFiLM (sold to Amazon in 2011), Betfair (the online betting exchange floated in London in October 2010), Bebo (sold to AOL for $850m), and MySQL (sold to Sun for $1 billion). For more information, visit: www.balderton.com.

About Index Ventures
Index Ventures is a leading global venture capital firm active in technology and biotechnology investing since 1996. From our offices in Geneva, London and San Francisco we love to discover and support the most entrepreneurial teams wherever they are looking to build market defining global businesses. For more information on our investments, from seed through to growth stage, please visit http://www.indexventures.com

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