Holidu, one of the largest vacation rental search sites in the world, announced yesterday that it has secured a ‘high 6-figure’ financing that will now be used to spur further growth and expansion.
Launched in May 2014 and based in Munich, Holidu is making it easy to search and compare more than 700,000 vacation rentals from popular providers such as HomeAway, Housetrip and Tripadvisor, bringing transparency to a $100 billion market. By the end of the year, this number is expected to grow to more than 1 million listings.
Holidu is growing and expanding fast. From a focus mainly on German speaking markets, the site and technology is already available in English and more languages and countries are to follow soon. The expansion is being made available by great support from its seed investors: Chris Hitchen (founder GetPrice), Arash Yalpani (Ex-CTO Zalando), Mike Majors (Siemens Venture Capital, formerly Indeed), Vinny Lingham (founder Gyft Inc, sold to First Data Corp. in August).
Johannes Siebers and Michael Siebers, two of the founders of Holidu commented: “The search is still a hassle. For a surf holiday in Portugal, we spent 20 hours to find the right house by the sea with Wifi. On average, users are visiting more than five different sites to find a vacation home. Our goal is to have every single vacation home from large and small sites, so Holidu is the only place people need to go. Pictures are much better than text for capturing large amounts of data. The search should be fun.”
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