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9flats

9flats, the European Airbnb, secures 'major investment' from Silicon Valley's Redpoint

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9flats, the peer to peer apartment rentals site (or Airbnb-clone), has secured a “major investment round” led by Silicon Valley VC firm Redpoint Ventures.

European investment firm eVenture Capital Partners also participated.

Terms of the deal aren’t being disclosed although 9flats says this brings its total funding to $10m just six months after the startup was founded. The new round will be used to expand 9flats’ management team and service across Europe as it aims to become a “global player” in the online travel industry.

Founded by Qype founder Stephan Uhrenbacher who was also involved with Lastminute.com, 9flats operates a similar model to US-based Airbnb by offering a market place for private accommodation.

Launched this February, 9flats lists over 8,000 private accommodations in 40 countries, ranging from a place on a couch for €15 a night to a luxury apartment for €500.

The company is based in Berlin, Hamburg and Valencia and currently employs 100 employees.