Balderton leads $17m funding for Housetrip

Existing investor Index Ventures, which provided $2.7m in a series-A financing round for Housetrip earlier this year, participated in this round.

The capital will be invested in product development, inventory enhancement and consumer outreach. The deal originated from an initial meeting between Housetrip's founder and CEO Arnaud Bertrand and Balderton partner Tim Bunting.

Balderton joined the recent investment as it was convinced by the prospects of the firm's business model in a growing sector. Furthermore, the venture investor believes the management team has the skills to succeed.

Company
Founded in January 2010, Housetrip provides alternative holiday accommodation with its short-term rental service website. The online company was founded in Switzerland and recently moved its headquarters to London.

Since its inception, Housetrip has increased the number of monthly visits to its website to one million. From its offices in Switzerland, Portugal and the UK, the firm offers 55,000 properties for short-term rent in over 350 global destinations across 40 countries.

People
Neil Rimer represented Index and partner Tim Bunting worked on the deal for Balderton. Following the investment, Bunting will join Rimer on Housetrip's board.

Advisers
Company – BCCC (Legal).
Equity – Walder Wyss Partners (Legal); Tavernier Tschanz (Legal).

 

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• Topics
• UK / Ireland
• Early-stage
• Support services
• United Kingdom
• Index Ventures
• Balderton Capital
• Switzerland