TravelRent operates an online booking service for short-term apartment rentals and currently claims the largest database in the Russian Internet market with more than 25,000 listings across 38 countries. The site enables 24/7 online booking and positions itself as an easy way to find rental offers quickly. TravelRent names Fast Lane Ventures as its investing and operating partner and plans to reinforce its team and partnership programs. The company intends to use new investment for marketing to raise brand awareness and to expand its property listings. TravelRent aims to grow listings to 45,000 by 2013 and expects to attract more than 5 million registered users by 2015. Company and investors cite strong market potential for online travel and short-term rentals in Russia and the CIS.

Total raised

$2M

Funding rounds

1

Latest round

Equity

Latest activity

Jun 2012