'Social home exchange' CasaHop lands $1.2M in funding

Airbnb competitor more about connecting friends than renting

CasaHop, a startup that uses social media sites to match users who are willing to host friends in their homes, has raised $1.2 million in financing led by First Round Capital.

The self-described "social home exchange," which soft-launched in February, is less about monetizing a home by renting it out (think Airbnb) and more about connecting with friends and having them stay over, CEO Paul Berry told GigaOM.