Google Ventures Invests in HomeAway

Fri, Oct 29, 2010

Games, News

Google Ventures, the assets money that Google started terminal year, is effort into pass rentals.

Google has endowed in HomeAway, the pass property place that has already upraised nearly half a 1000000000 dollars in stake capital. Since the consort did not requirement player money, Google bought shares from existing shareholders.

HomeAway, which charges homeowners to itemize their properties for travelers to see and rent, shapely the consort by selection deals. It has purchased 14 small property Web sites in individual countries, including VRBO and VacationRentals.com in the United States.

Now, it wants to embellish more tech-savvy, and is hunting to Google for help, said its originator and honcho executive, Brian Sharples.

“Google is a creation and engineering-centric consort that is ontogeny up and decent more of a business,” he said. “HomeAway came from more of a business, deal-making society and today we’re disagreeable to advise the consort to more of an field and creation culture.”

HomeAway, supported in Austin, Tex., wants to meliorate its Web place and attain it easier to lease pass houses, and modify beyond Europe, the United States and South USA to aggregation and Australia, he said.

Google crapper support HomeAway because it has acquired some start-ups and had a aggregation of undergo desegregation them as substantially as recruiting engineers and artful Web sites, said Bill Maris, managing relation at Google Ventures. HomeAway has already started digit Google tradition, weekly all-company meetings, Mr. Sharples said.

In 2008, Mr. Sharples said HomeAway had nearly $100 meg in income and was juicy — keys to feat public. But digit eld later, HomeAway is staying clannish and attractive on newborn investors, which is also a way at another senior school start-ups same Facebook, Yelp and Zynga.

Google and HomeAway did not feature how such money Google had invested, but Google Ventures invests most $100 meg a assemblage in most 10 companies.

It had its prototypal money-making success this period when Ngmoco, which makes ambulatory games, was acquired by a Asian videogame company, titled DeNA.

Google Ventures, which is supported at the company’s office in Mountain View, Calif., has also unsealed newborn offices in Cambridge, metropolis and New York, and unsealed a start-up impact on the Google campus in California, where portfolio companies and newborn start-ups crapper impact and verify plus of Google resources.

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