HomeAway Inc. has secured a record $160 million in debt and equity financing to fund the vacation-rental Web portal’s continued expansion, the company announced today.

Expansion plans include the acquisition of Vacation Rentals by Owner, VRBO.com, one of the largest vacation-rental Web sites in the United States. The company said it also plans to boost marketing efforts to grow traffic and continue developing technology for locating and renting homes online.

VRBO.com will continue to operate as an independent brand run by the existing management team.

HomeAway owns vacation-rental Web sites where people planning vacations can find houses to rent. The company’s growth highlights the growing trend of people buying second homes throughout the world.

Existing investors Austin Ventures and Redpoint Ventures and new investors American Capital, Institutional Venture Partners and Trident Capital provided the financing. Founded in February 2005, HomeAway has raised more than $200 million in capital.

“The unprecedented number of people who own second homes in the U.S. and Europe means the supply of quality rental properties has never been stronger and that owners are now realizing the ease and great return on investment of marketing online. This financing enables HomeAway to grow its worldwide marketplace even more quickly,” said Brian Sharples, founder and CEO of HomeAway.

HomeAway’s latest acquisition of VRBO.com adds nearly 65,000 properties to HomeAway, giving it a total of 130,000 properties in nearly 100 countries. HomeAway’s Web sits include HomeAway.com, CyberRentals.com, GreatRentals.com, A1Vacations.com, TripHomes.com, Holiday-Rentals.co.uk in the United Kingdom and FeWo-direkt.de in Germany.

HomeAway (as WVR Group) received $49 million in equity funding prior to the most recent investment round.

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Thank you for subscribing to Morning Headlines.
Back to top
Last call: ticket prices for ICNY go up at midnight. Thousands of real estate pros will be there. You won't want to miss it!Register now×
Limited time: Get 30 days of Inman Select for $5.SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription