More significant sums of money heading into the home rental marketplace with news that UK-based OneFineStay has captured $12 million in funding.
The Series B financing was led by Canaan Partners and included existing backers Index Ventures and PROFounders Capital. Canaan's Warren Lee joins the board of directors.
It brings the total capital raised by OneFineStay to $16 million following a $3.7 million injection from Index and PROFounders in March 2011.
CEO Greg Marsh says the funding will be mostly used to spearhead the company's push into New York City and "other international plans".
Although this was pretty much the same outline for how the Series A round was going to be used, Marsh says the company was "more successful than we expected in London (grew much faster than we originally planned), so had strong interest from venture capitalists earlier than expected".
"We had spent much less than half of our first round of investment when we raised this Series B round, but as the adage goes, if the price is right...
"Benefit of raising money more aggressively is that it positions us well to expand not just to New York, but to other locations as well, and to invest in more robust systems and technology internally."
The last big travel-related investment from Canaan came in the shape of a $15 million Series B funding round for SilverRail Technologies in March this year.
The investment in OneFineStay comes almost a year to the day since Wimdu and Airbnb captured massive funding rounds of $90 million and $112 million respectively.
Today, Airbnb announced it had passed the milestone of 10 million "guest nights booked", five times as many just 12 months ago, with 200,000 bookable properties around the globe.
NB:TLabs Showcase - OneFineStay]