HomeToGo, metasearch engine startup for vacation rentals, has raised $6.7 million in Series A funding round led by early-stage investor DN Capital and Acton Capital Partners and few other unnamed angel investors.
HomeToGo is a meta-search engine for accommodations that allow users to search and compare offers in more than 200 countries. The company compares offers from more than 150 holiday rental websites including Homeaway, Wimdu, 9flats, Casamundo and Booking.com. It lists more than 2.7 million offers. The smart filters let the users to sort according to their preferred destination, travel dates, budget and amenities. The startup is able to provide a better user experience and then skim a little off the top for creating a product that consumers go to before checking out any suppliers directly.
The Berlin-based startup, couple of weeks ago, launched its services in UK. UK general manger, Jay Patani said, “HomeToGo.uk offers one single website to discover and compare the world of holiday rentals, whether it is a luxury cottage by the sea or an affordable one-bed city apartment.” Apart from Uk, it has set its foot into Germany, France, Italy, Netherlands, Poland, Switzerland and Austria.
Founded by three co-founders, the startup has 50 employee team among which the 30 are working on the technology and engineering. With its new funds, the startup plans to expand to other cities internationally at a rapid pace. The plan also include to launch its operations at US soon. It is, also, planning to hire at all levels for the startup. The startup may continue with the TV ad campaigns in Germany to continue scaling at a speed. The current funding of $6.7 million adds on to the $2.2 million raised previously from many angel investors.
The website makes money through the traffic it sends to the booking sites it aggregates. The co-founder team and the previous expereinces of them has helped the company get the backing of big investors like DN capital and Acton Capital Partners’ backing. Co-founder and CEO of the startup Patrick Andra previously led business development at the Rocket Internet online furniture retailer Home24, company’s CMO for Europe, Wolfgang Heigl owned Swoodoo which was then sold to Kayak and the third co-founder Nils Regge founded the holiday rental portal Casamundo, that was later sold to the Dutch @Leisure group.