Holidu books $45M after growing its vacation rentals business ~50% YoY during COVID-19
Vacation rental startup Holidu has tucked $45 million in Series D funding into its suitcase bringing its total raised since being founded back in 2014 to more than $120M.
The latest funding round is led by 83North with participation from existing investors Prime Ventures, EQT ventures, Coparion, Senovo, Kees Koolen, Lios Ventures and Chris Hitchen. Also participating, with both equity and debt, is Claret Capital (formerly Harbert European Growth Capital).
The financing will be ploughed into product development; doubling the size of the tech team; and on building out partnerships to keep expanding supply, Holidu said.
Holidu, a Munich, Germany-based technology company in the holiday rental industry, secured €37m (approximately £32m) in Series D both equity and debt funding.
The round, which brought total funding to more than €100m since its foundation, was led by 83North with participation from existing investors Prime Ventures, EQT ventures, Coparion, Senovo, Kees Koolen, Lios Ventures and Chris Hitchen. Claret Capital (formerly Harbert European Growth Capital).
The company intends to use the funds:
to further accelerate both the growth of its holiday rental search engine and the expansion of its holiday rental software business with Bookiply,
to double its technology organization, and
Investors: Mercury Fund, SaaS Ventures, Nigel Morris, Dundee Venture Capital, Cincy Tech
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