Tripping, a US-based holiday home rental platform backed by human resources firm Recruit Holdings, closed a $16m series B round yesterday led by venture capital firm Steadfast Venture Capital.
The round also featured VC fund 7 Seas Venture Partners, VC firms Enspire Capital and Azure Capital, and a range of private investors.
Founded in 2010, Tripping enables users to search for and compare holiday homes and short-term rentals listed on third-party websites including HomeAway, Booking.com and TripAdvisor. The site has indexed more than five million properties across 100,000 destinations.
Recruit and Quest Venture Partners co-led a May 2014 series A round for Tripping that raised an undisclosed sum from a consortium also including Draper Associates and assorted angel investors.
Recruit invested through its then-newly established RGIP unit, which funds startups outside of Japan. Quest, Draper and LaunchCapital provided $1m in seed funding for Tripping in 2011.
Jen O’Neal, founder and chief executive of Tripping, said: “We are thrilled to announce our series B today. This funding will enable us to fuel our growth, expand aggressively into international markets and enhance our mobile offering.
“This is a momentous milestone – I am extremely proud of our team and grateful for the support of our investors.”