Tuesday, May 17, 2011

9flats, The European Airbnb, Secures ?Major Investment? From Silicon Valley?s Redpoint

9flats, the peer to peer apartment rentals site (or Airbnb-clone), has secured a ?major investment round? led by Silicon Valley VC firm Redpoint Ventures. European-based eVenture Capital Partners also participated.

Terms of the deal aren?t being disclosed although 9flats says this brings its total funding to $10m just six months after the startup was founded. The new round will be used to expand 9flats? management team and service across Europe as it aims to become a ?global player? in the online travel industry.

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Source: http://feedproxy.google.com/~r/Techcrunch/~3/R9i-MLEv8S8/

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