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UK’s MMC Ventures re-ups in Love Home Swap

26 Nov 2012

UK technology investor MMC Ventures has led a £800,000 round of investment into holiday home exchange website Love Home Swap.

The early stage venture firm first invested in the company back in December 2011.

Rory Stirling, investment director, MMC Ventures, said, “We believe Love Home Swap is building a really impressive business in the social travel space. Swapping offers a truly unique value proposition and an additional layer of trust to users. The business has experienced nearly ten times growth since we first met the team a year ago and we continue to be really impressed with the speed of execution. MMC focus on backing British businesses that can succeed on a global scale – we have re-invested in Love Home Swap to continue building a best in class product and we think there is a significant global opportunity.”

Founded in 2000, MMC Ventures focuses on technology-enabled sectors, particularly financial and business services, business software, digital media and e-commerce.

MMC’s portfolio includes AlexandAlexa, Base79, Interactive Investor, Knowledge Mill and Reevoo.

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