June 1st, 2011

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→ Read More