HomeAway Raises $250 Million
HomeAway, a vacation rental marketplace, just raised $250 million in their latest round of financing. HomeAway previously raised $209 million which was used to acquire eleven vacation rental sites including VRBO, VacationRentals, CyberRentals, A1Vacations, GreatRentals, Holiday-Rentals.co.uk, OwnersDirect.co.uk, FeWo-direkt.de and Abritel.fr. With $150 million in yearly revenues the funding will likely be used for additional acquisitions in the vacation rental front - a $24 billion industry.