HomeToGo raises total capital to over $150 M and acquires largest US competitor Tripping.com

by | December 10, 2018

Berlin/Munich, December 10, 2018 – HomeToGo, the world’s largest vacation rental search engine 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 player.”

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.

About HomeToGo
HomeToGo 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.

Über Acton Capital Partners

Acton Capital Partners ist ein internationaler Wachstumsinvestor mit Sitz in München. Seit 1999 investiert das Acton-Team erfolgreich in digitale Pioniere in Europa und Nordamerika.

Investmentfokus liegt dabei auf skalierbaren Geschäftsmodellen aus den Bereichen Future of Work, Digitale Marktplätze und Plattformen, Ecommerce, FinTech sowie Software-as-a-Service.

Bettina Engert Administrator
Director Communications , Acton Capital

 

About Acton Capital
Acton Capital is a leading growth venture capital investor in Europe. Since 1999, the Acton team supports digital startups in the fields of marketplaces, e-commerce, SaaS, FinTech or Future of Work on their way to market leadership. Acton Capital invests worldwide with strong focus on Europe and North America. With two decades of investment experience and a deep understanding of tech-enabled business models, the team has invested over EUR 500+ million across five fund generations.

 

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