Waterloo-based online travel marketplace MetaMarketplace has raised $4 million to continue to compete against other vacation rental heavyweights like Airbnb and HomeAway. This new round was made possible from a group of private and institutional investors and is the second round of funding for the company ($4 million was invested last year under the Demeure brand).
According to the Communitech blog, the $4 million will be used to expand its team in both Waterloo, Vienna and London, England.
Scott Johns, CFO at MetaMarketplace, said, “We’ve done $4 million, but we were actually over-subscribed, so we might consider increasing that amount. This will allow us to continue to expand our development team, which we’re actually doing right now… and also to continue to drive our sales and marketing initiatives.”
