Shifts in European vacation rental as HomeToGo acquires Casamundo and Wimdu closes
HomeToGo attracted Series B funding of $20 million in 2016 and raised “a significant eight-figure number” Series C round.
HomeToGo has acquired Casamundo from the @Leisure Group, with terms of the deal undisclosed.
The Berlin-based vacation rental metasearch specialist is keeping plans for Casamundo under wraps and only released a short statement saying the businesses complement each other and “create a promising opportunity for future growth and development.”
EuroRelais is also part of the deal with @Leisure Group, saying that its strategy is to focus on its other brands including Belvilla, DanCentre and Traum-Ferienwohnungen. Casamundo will continue to be a distribution partner for the brands.
HomeToGo launched in 2014 and attracted Series B funding of $20 million in 2016, saying it planned to develop its technology and expand internationally.
The company, founded in 2011, attracted investor attention in the early days with $90 million from investors including Kinnevik and Rocket Internet.
After being merged with 9Flats, Wimdu was sold to Wyndham brand Novasol almost two years ago.
Wyndham then sold Novasol and its other European vacation rental businesses to Platinum Equity in February 2018.
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