Holidu, the search engine for vacation rentals, recently successfully completed a Series A financing round. The Munich-based startup secured an investment of a whopping €5 million. This investment will pave the way for further growth and expand its business model. The round was led by EQT Ventures.
Holidu compares more than 3 million vacation rentals worldwide, helping users save time and up to €551 for the same accommodation during the same travel period. To find identical vacation rentals from different providers and always show the best price, the search engine uses proprietary image recognition software.
International growth should be accelerated
Johannes Siebers, CEO and founder of Holidu:
"We want to provide a completely new experience when finding and booking a vacation rental. We are delighted to have found great partners who share our vision. The unique expertise and broad network of our investors with industry leaders such as Kees Koolen will further accelerate our international growth."
Kees Koolen, Partner at EQT Ventures and former CEO and Chairman of Booking.com:
“The highly fragmented holiday apartment market offers huge growth potential. Holidu has developed market-leading technologies and built traction in a short timeWe are looking forward to working with the excellent and highly motivated team and seizing the great opportunities in the market."
Martin Junker, Managing Partner at Venture Stars, adds:
“We have followed Holidu closely since its inception. We are impressed by the efficiency and speed of the team and want to use our network to contribute to achieving the next milestones.”
About Holidu
Holidu was founded in Munich in 2014 by brothers Johannes and Michael Siebers, together with Rasmus Porsgaard, and was named test winner among national and international competitors by the test magazine "Guter Rat." The Munich-based startup currently employs 20 people.
