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Europe’s HomeToGo acquires major vacation rental, and Wimdu closes

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HomeToGo has recently bought Casamundo from @Leisure Group in an undisclosed deal. Considered Europe's most known brand for vacation rentals, Casamundo is an online vacation rental inventory aggregator with over 200,000 live properties provided by big tour operators like Interhome and many small local agencies and individuals.

Part of Axel Springer, the @Leisure Group is a European vacation rental company that is active in all segments of the industry: from full-service providers Belvilla and DanCenter to the online marketplace Traum-Ferienwohnungen.

The Berlin-based vacation rental metasearch specialist is keeping plans for Casamundo under wraps and only released a short statement saying the businesses complement each other and “create a promising opportunity for future growth and development.”

EuroRelais is also part of the deal with @Leisure Group, saying that its strategy is to focus on its other brands including Belvilla, DanCentre and Traum-Ferienwohnungen. Casamundo will continue to be a distribution partner for the brands.

HomeToGo launched in 2014 and attracted Series B funding of $20 million in 2016, saying it planned to develop its technology and expand internationally.

Separately, Wimdu, which launched in 2010 wanting to be an Airbnb for Europe, will cease operations at the end of 2018.

The company, founded in 2010, attracted investor attention in the early days with $90 million from investors including Kinnevik and Rocket Internet.

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