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DateInvestorsAmountRound
-investor investor investor investor investor investor

€0.0

round
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€0.0

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€0.0

round
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€0.0

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€0.0

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€0.0

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€0.0

Valuation: €0.0

12.7x EV/Revenue

-9.5x EV/EBITDA

round
N/A

€75.0m

Valuation: €1.2b

12.7x EV/Revenue

-9.5x EV/EBITDA

SPAC Private Placement
Total Funding000k

Financials

Estimates*

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Revenues, earnings & profits over time
EUR2021202220232024202520262027
Revenues0000000000000000000000000000
% growth44 %55 %10 %31 %9 %57 %16 %
EBITDA0000000000000000000000000000
% EBITDA margin(133 %)(31 %)(11 %)(4 %)14 %15 %16 %
Profit0000000000000000000000000000
% profit margin(176 %)(36 %)(17 %)(15 %)(8 %)2 %4 %
EV0000000000000000000000000000
EV / revenue00.0x00.0x00.0x00.0x00.0x00.0x00.0x
EV / EBITDA00.0x00.0x00.0x00.0x00.0x00.0x00.0x
R&D budget0000000000000000000000000000
R&D % of revenue25 %20 %22 %19 %---

Source: Company filings or news article, Equity research estimates

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More about HomeToGo
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HomeToGo operates as a comprehensive marketplace for vacation rentals, founded in 2014 by Patrick Andrae, Wolfgang Heigl, and Nils Regge in Berlin, Germany. The founders brought together a blend of relevant experience; Andrae had a background as a consultant and in business development at companies like Rocket Internet, Heigl was an entrepreneur who had previously founded the flight search engine Swoodoo, and Regge was a serial entrepreneur who had established the vacation rental company Casamundo. Their shared goal was to simplify the fragmented process of finding and booking vacation rentals by creating a single, aggregated platform.

The company's primary business is a business-to-consumer (B2C) marketplace that aggregates millions of vacation rental listings from over 60,000 partners, including major players like Booking.com and Vrbo. This allows travelers to search and compare a vast inventory of properties through its websites and mobile apps, which are available in over 25 countries. HomeToGo's revenue is generated through a commission-based model, earning fees on confirmed bookings. The company has increasingly focused on an "onsite booking" model, where the entire transaction is completed on the HomeToGo platform, which allows for a higher take rate compared to a simple referral.

In addition to its B2C marketplace, HomeToGo has expanded into the business-to-business (B2B) sector with HomeToGo_PRO. This segment provides software-as-a-service (SaaS) solutions and other services to property managers and vacation rental providers, creating a recurring revenue stream through subscriptions. A significant milestone was reached in September 2021, when HomeToGo went public on the Frankfurt Stock Exchange via a merger with a special purpose acquisition company (SPAC), Lakestar SPAC I, valuing the company at €1.2 billion. This strategic move provided approximately €250 million in capital to fuel further growth and acquisitions. The company has a history of strategic acquisitions to expand its market presence and technology, including Tripping.com, Casamundo, Wimdu, Smoobu, and a majority stake in Interhome, a European vacation rental management company.

Keywords: vacation rental marketplace, holiday home aggregator, travel technology, online travel agency, SaaS for property managers, short-term rentals, booking platform, accommodation search engine, metasearch engine, public company, Frankfurt Stock Exchange, Patrick Andrae, Wolfgang Heigl, Nils Regge, HomeToGo_PRO, Smoobu, Interhome, travel booking, European travel market, vacation rental software

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Investments by HomeToGo

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Casamundo
ACQUISITION by HomeToGo Sep 2018
Tripping
ACQUISITION by HomeToGo Dec 2018
Interhome
ACQUISITION by HomeToGo Jan 2025
SERCA
ACQUISITION by HomeToGo Jun 2022
Escapada Rural
ACQUISITION by HomeToGo Nov 2021
KMW Reisen
ACQUISITION by HomeToGo Dec 2023
Super Urlaub
ACQUISITION by HomeToGo Dec 2023
Kurzurlaub.de
ACQUISITION by HomeToGo May 2024