HomeToGo Series D – HTG raises total capital to over $150M and acquires US competitor Tripping.com
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Acton Capital Press
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December 10, 2018
Berlin/Munich, December 10, 2018 – HomeToGo closes Series D: the world’s largest vacation rental search engine has closed its latest round of funding and acquired the largest US competitor Tripping.com. In total, HomeToGo has now raised more than $150 million. HomeToGo’s Series D funding round was led by Insight Venture Partners and participated by existing investors Acton Capital, DN Capital, Global Founders Capital, et al.
Berlin-based HomeToGo was founded by Wolfgang Heigl, Dr. Patrick Andrae and Nils Regge in 2014 and currently employs more than 150 people in its headquarter. With the new US acquisition, it includes the brands Tripping.com and CASAMUNDO. HomeToGo’s CEO and co-founder Dr. Patrick Andrae: “I’m particularly proud that we acquired our strongest competitor Tripping.com just three years after entering the US market.”
“After all, it’s not every day that a tech startup from Europe takes over an established American player.” -- Patrick Andrae, HomeToGo CEO and co-founder
Despite the recent acquisitions, HomeToGo has more than doubled its already high cash reserves with the latest round of funding. This fresh Series D was led by the US venture capital and private equity investor Insight Venture Partners – who joined HomeToGo’s growing circle of investors together with Lakestar and Global Founders Capital with last year’s Series C. Existing investors like Acton Capital and DN Capital participated also in HomeToGo’s Series D.
HomeToGo is the world’s largest vacation rental search engine. Besides intuitive features that combine inquiry and immediate booking, its users benefit from a global inventory of over 15 million accommodation offers from more than 300 partners – including Booking.com, HomeAway and TripAdvisor. HomeToGo operates local websites in 13 European countries, the United States, Australia, Brazil, Mexico, Russia, Japan and Hong Kong and will continue to run the acquired Tripping.com as a brand.
