HouseTrip raises $40m from Accel, Balderton, Index Ventures

HouseTrip
HouseTrip

HouseTrip

Holiday rental marketplace HouseTrip has raised a new $40million of investment funding and released figures to show it’s sitting on 130,000 listed properties in 15,000 destinations around the world.

The new funds, a Series C round raised from new investor Accel Partners, joined by existing investors Balderton Capital and Index Ventures, will be used for international expansion and brings the company’s total funding to nearly $60m.

Airbnb, the company to pioneer online community-based marketplaces for short-term rental accommodation, claims about 200,000 properties on its books. Other players in Europe – Wimdu and 9flats, both based in Germany – claim about 50,000 and 100,000 respectively (9flats received about half of those from its acquisition of Toronto-based iStopOver in August).

According to HouseTrip founder Arnaud Bertrand, speaking to GigaOm, the London-headquartered company places more of an emphasis on professional apartment rentals (rather than guest rooms in hosts’ primary residences).

HouseTrip also has a particular focus on Europe – a worthy target, as many Europeans tend to travel within Europe and it’s also the largest part of the global holiday rental market, though this is a factor less in its favour when those same users want to travel to other parts of the world.

Bertrand and his wife Junjun Chen co-founded HouseTrip in January 2010 after a “painful” experience booking a rental apartment in Edinburgh.

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