VC-backed HomeAway, Torstar invest $6 mln in CanadaStays
HomeAway Inc, an Austin, Texas-based online marketplace for vacation rentals, has made a minority investment in CanadaStays, a vacation rental website with headquarters in Toronto. Canadian media company Torstar Corp also participated in the deal, which is valued at $6 million, CanadaStays said. Founded in 2005, HomeAway is backed by Austin Ventures, Redpoint Ventures, Institutional Venture Partners, Trident Capital, American Capital, Technology Crossover Ventures and Google Ventures. Update: The company said the investment in and partnership with CanadaStays will expand its North American footprint and increase opportunities for travellers.
1 April 2015•5 mins read
