HomeRez woos Euro 4 million from Expedia vet and others, plots expansion
Vacation rental online booking and distribution service HomeRez has banked Euro 4 million from a panel of angel investors and two financial houses and David Roche, former president of Expedia Inc-owned Hotels.com has also participated in the investment.
Vacation rental online booking and distribution service HomeRez has banked Euro 4 million from a panel of angel investors and two financial houses.
Investing in the two-year-old company are Entrepreneur Venture and XAnge, alongside four business angels.
The most high-profile backer is David Roche, former president of Expedia Inc-owned Hotels.com.
Joining Roche are Nicolas Brumelot (founder of GoVoyage), Pablo Szefner (JustFab) and Freeric Halley.
The France-based company says it will use the fund-raising to assist with its technology development and expand the company into new markets.
HomeRez is currently feeding content into more than 100 intermediary sites, as well as servicing its own consumer-facing website.
It claims to have “several thousand” owners registered on the service.
Websites picking up HomeRez content include TripAdvisor, HomeAway, Airbnb and Booking.com.
The company was created by a trio of former hotel booking execs: Loic Dupont (ex-Hotels.com director in EMEA); Rachel Howes (ex-Booking.com director in northern EMEA); and Kamal Bounajma (also an ex-Booking.com director in EMEA).
Read original article