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Accel leads $40m financing for

10 Oct 2012

Global venture investor Accel Partners has led a $40m Series C funding round for European holiday rental website

Index Ventures and Balderton Capital also took part in the round, which Europe-focused HouseTrip said it would use to expand geographically and develop new products.

Accel partner Sonali De Rycker said, “HouseTrip is fast becoming the destination of choice for the European traveller.

“With a world-class product and management team, HouseTrip has the potential to create a very successful marketplace in the exciting category of vacation rentals.”

The company was formed by Arnaud Bertrand and his wife Junjun Chen-Bertrand “on the back of a painful experience booking a holiday rental”.

Mr Bertrand said, “We knew there had to be a better way to discover and book holiday rental accommodation that was both anxiety-free and easy-to-use.”

The site aims to simplify and standardise the process of booking holiday rentals, and make it easier for property owners to manage their bookings.

Last week Madrona Venture Group and Concur led a $10m financing round for hotel digital marketing provider Buuteeq.

Buuteeq, which helps hotels create and manage their websites and engage guests through social media and mobile channels, said it would use the financing to accelerate growth and innovate across product lines.

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