European HomeAway Rival HouseTrip Raises $40M
London-based HouseTrip has raised $40M in a series C round led by new investor Accel Partners with existing investors Index Ventures and Balderton Capital. HouseTrip has now raised $60M. The company’s model is hardly innovative – it’s a direct rival to vacation rental home listing services like Homeaway and Airbnb. Moreover, HouseTrip, which focuses on Europe is a lagard in the market. It lists 130K properties vs. Homaway which lists 325K properties.
The site looks nice but again there’s nothing new here. It does feel that there will need to be some innovation in this market to help a company like Housetrip out.
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