HomeToGo Raises Total Capital to Over $150 Million and Acquires Largest US Competitor Tripping.com
BERLIN and NEW YORK, December 6, 2018 /PRNewswire/ -- HomeToGo, the world's largest vacation rental search engine - 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.
HomeToGo (www.hometogo.com) is the world's largest vacation rental search engine. It allows you to easily search and compare over 15 million accommodation offers in over 200 countries from more than 300 partners, including: Booking.com, VRBO, HomeAway, and TripAdvisor. With intuitive features such as flexible dates, users can find their ideal vacation rental according to their preferred destination, travel dates, budget, and amenities. HomeToGo was founded 2014 by Wolfgang Heigl, Dr. Patrick Andrae, and Nils Regge. It includes the brands Tripping.com and CASAMUNDO. The Berlin-based company currently employs more than 150 people and operates local websites in 13 European countries, the United States, Australia, Brazil, Mexico, Russia, Japan, and Hong Kong. HomeToGo's investors include Insight Venture Partners, Lakestar, Princeville Global, DN Capital, Acton Capital Partners, Global Founders Capital, Perpetual Investors, and mojo.capital.