Record another endorsement of the vacation rental market -- LeisureLink closed on a $9 million venture capital funding round.
The company provides provides distribution and revenue management solutions for the specialty lodging sector, including vacation rentals.
LeisureLink says it will use the proceeds to invest in its technology platform and to expand its sales team.
To date, including the $9 million infusion, LeisureLink has raised $25 million in venture capital funding.
So how does LeisureLink's funding fit into the broader vacation rental landscape.
The company's president and CEO, Erik Hovanec, says: "The 'big picture' is that there is a significant volume of leisure inventory coming into online channels as the vacation rental industry embraces hotel-style distribution and revenue management.
"LeisureLink’s Series C funding reflects investor belief that we are the company leading this evolution. As you may know, we work with many major VR players such as ResortQuest to drive meaningful revenues from online channels by providing data, distribution and revenue management services."
Whether LeisureLink is "leading the evolution" is open to debate as other players would have plenty to say in that regard.
The Series C funding round came from existing investors Clearstone Venture Partners, Mission Ventures and Wyndham Exchange & Rentals.