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Subscriber Only Rides Homesharing Wave to Raise Funds, Add Bookings

  • Startup raises $35 million to hire staff, increase ads
  • San Francisco company to book $500 million in travel in 2016
Photographer: Fredrik Nyman/Getty Images/Johner RF

Homesharing website has raised $35 million in new funding, trying to capitalize on the popularity of travelers choosing to stay in private homes rather than hotels.

Princeville Global led the financing round for the San Francisco-based company, which raised $16 million last year. The company declined to provide a valuation. Past investors include former Expedia Inc. Chief Executive Officer Erik Blachford and Inc. co-founder Fritz Demopoulos.