Holidu, a Germany-based vacation rental search engine, has closed a €100 million funding round.
The Series E investment was led by 83North, with Northzone, HV Capital, Vintage Investment Partners, Commonfund Capital and existing investors also participating.
The round includes €25 million in venture debt from Claret Capital and Silicon Valley Bank.
Founded in 2014, Holidu provides a booking platform for vacation rentals as well as technology for hosts via its Bookiply solution.
Subscribe to our newsletter below
The company says that its booking platform has seen more than 110 million visitors in the past 12 months, while the number of Bookiply managed homes has increased from 5,000 to almost 20,000, and Bookiply revenues have increased 13x.
Holidu says its latest investment will enable it to open local offices, expand in existing markets and invest in its platform.
“We will now scale our region-by-region approach into Europe's large and attractive hosting market,” says Johannes Siebers, co-founder and CEO.
“This financing round is a great vote of confidence in the current environment. We are on the path to build a big company.”
Michael Siebers, co-founder and CTO, adds: “Our goal is to build the world's best software and service platform for hosts and make the guest experience reliable and great.”
Holidu raised €40 million in a Series C round in 2019 and a further €45 million in Series D financing in 2021. The company currently has offices in Germany, Italy, France, Spain, Portugal and Greece.
Laurel Bowden, partner at 83North, says: "The Holidu team are excellent operators, which is crucial to serve the fragmented long tail of vacation rentals with great unit economics and to bring the market to the next level. The team stands in front of a large rollout opportunity."
The Phocuswright Conference 2022
EXECUTIVE PANEL: Growing Pains - The Maturing of Rentals