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June 1, 2011 01:53 pm GMT
Airbnb just raised $100 million at a $1 billion valuation, and it's using some of that cash (and/or stock) to acquire a German 'equivalent' dubbed Accoleo. This move signals Airbnb's willingness to expand worldwide - the startup will establish its first European office in Hamburg, Germany.Coincidentally, one of its main rivals in Europe, venture-backed 9flats - started by Qype founder Stephan Uhrenbacher - is also based in Germany (Berlin, to be more precise).
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/6_znTN8h6c0/
Airbnb Buys German Clone Accoleo, Opens First European Office In Hamburg
Airbnb just raised $100 million at a $1 billion valuation, and it's using some of that cash (and/or stock) to acquire a German 'equivalent' dubbed Accoleo. This move signals Airbnb's willingness to expand worldwide - the startup will establish its first European office in Hamburg, Germany.Coincidentally, one of its main rivals in Europe, venture-backed 9flats - started by Qype founder Stephan Uhrenbacher - is also based in Germany (Berlin, to be more precise).Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/6_znTN8h6c0/
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