HomeAway Scores $160 Million

HomeAway Inc., an Austin, Texas-based operator of an online vacation rentals website, has raised $100 million in second-round equity funding. It also secured $60 million in debt financing. Existing shareholders Austin Ventures and Redpoint Ventures were joined by new backers American Capital Strategies, Institutional Venture Partners and Trident Capital. HomeAway used some of the proceeds to acquire rival VRBO.com. www.homeaway.com