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HomeAway opens door to $250 million funding round
Vacation home rental site HomeAway announced Tuesday it received a substantial $250 million fourth round of funding.
HomeAway, which has raised $405 million to date in private equity, received its latest round from lead investor Technology Crossover Ventures, along with existing investors Institutional Venture Partners and Redpoint Ventures.
HomeAway's $250 million third round represents the largest U.S. venture stake for an Internet company over the past eight years, according to Venture Source.
Companies that tend to raise sizable venture rounds in excess of $100 million tend to be in capital intensive industries, such as networking company Santera Systems … Read more
