Wimdu secures $90 million investment from Kinnevik and Rocket Internet

- August 29, 2011 < 1 MIN READ

The online global marketplace for accommodation, Wimdu, has received a $90 million investment from successful venture capitalist companies Rocket Internet and Kinnevik.

Wimdu is a new social marketplace that pairs adventurous and discriminating globetrotters with unique properties and interesting hosts to create extraordinary travel experiences.

The rapidly expanding company, which emphasises traveling like a local, is a fresh alternative to existing accommodation options.

“The company has grown quickly to expand its global reach and outpace competition.  Over 400 properties in Australia are just one example,” said Australian CEO Gregory Green.

The open platform allows anyone to list their space for free, be it a room, an apartment or a house, and invite travelers from around the world to come and stay with them.

Properties may range from a budget-conscious room for rent in New York to a luxurious penthouse in Paris or a villa in Spain.

Wimdu manages the booking and payment processes online, making it easy for guests to design their travel experiences and efficient for hosts to manage reservations.

The benefits are many; hosts can earn extra cash while travelers get a unique place to stay and local knowledge to make their visit more exciting.

Rocket Internet and Kinnevik are known for having invested in a considerable number of successful internet companies, such as Groupon/City Deal and Zalando.

Wimdu has been launched in eleven languages and operates throughout Australasia, Europe and the Americas.

With over 10,000 host rooms in over 150 cities, Wimdu employees 400 staff in fifteen head offices worldwide.

Along with the opportunity for hosts to list private spaces to rent and travelers to search for a place to stay, the platform also provides destination information including travel tips and virtual guided tours.


For more information please visit www.wimdu.com.au.