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People on the Move

If the economy is in trouble, you wouldn’t know it from vacation rental service HomeAway. The Texas-based company has raised a whopping $250 million round of financing. This comes on top of $209 million previously raised over two rounds.

The new financing was led by Technology Crossover Ventures, with existing investors IVP and Redpoint Ventures participating as well. At least $50 million of the round went off the table to earlier investors.

HomeAway was founded in 2005 and has acquired at least eleven vacation home rental sites around the world, including VRBO, VacationRentals.com, Abritel.fr and OwnersDirect.co.uk.

The company has revenues of around $150 million with 118,000 properties listed.

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