Our source says Google Ventures invested somewhere around $25 million in the company.
Google Ventures bought stock directly from existing shareholders and the money isn’t being injected into HomeAway. The valuation was set in the last round of financing, a massive $250 million raise in 2008.
The company has been growing rapidly since launching in 2005, partly through acquisitions. We’ve estimated revenue to be in the $200 million range, with $70 million or so in profit.
Around half a billion dollars has been invested in HomeAway to date.
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Authors: Michael Arrington