FlipKey
Vacation rental marketplace that enables users to find and book a place to stay through its web platform.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor investor investor | €0.0 | round | |
N/A | Series A | ||
| Total Funding | 000k | ||
| USD | 2019 | 2021 | 2022 | 2023 |
|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 |
| % growth | - | - | 19 % | - |
| EBITDA | 0000 | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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Founded in 2007 by TJ Mahony, Carl Query, and Jeremiah Gall, FlipKey is an online marketplace for vacation rentals. The company was acquired by TripAdvisor in 2008, a year after its inception, which allowed for its integration into the TripAdvisor Rentals group.
The platform operates as a community-driven vacation rental marketplace. Initially, the business model was based on subscriptions for homeowners to list their properties. However, after 2013, the company transitioned to a model where property owners could opt for a pay-per-booking system. This model allows for a more flexible and accessible way for homeowners to list their properties and for the company to generate revenue from successful bookings.
FlipKey's primary service is to connect homeowners and property managers with travelers seeking vacation accommodations. The platform boasts a portfolio of over 830,000 vacation rentals across 190 countries, ranging from beach houses and cabins to condos and cottages. A key feature of the service is its integration with TripAdvisor's extensive database of traveler reviews and insights, which provides a layer of trust and transparency for users. This allows travelers to make more informed decisions when booking their stays.
Keywords: vacation rentals, online marketplace, property listings, travel, accommodation, booking platform, peer-to-peer, real estate, hospitality, short-term rentals