BERLIN - Vacation rental search engine HomeToGo, with more than 15 million offers from more than 300 providers worldwide, has closed its latest round of funding and acquired its largest US competitor Tripping.com. In total, HomeToGo has now raised more than $150 million.
Dr. Patrick Andrae, CEO and Co-founder of HomeToGo 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."
HomeToGo will continue to run Tripping.com as a brand. As for HomeToGo, despite the recent acquisitions, the company has more than doubled its already high cash reserves with its latest round of funding.
HomeToGo’s current investors include Insight Venture Partners (lead), Acton Capital Partners, DN Capital, and Global Founders Capital. This group has recently expanded with investments from Lakestar and Princeville Global, among others.
