Vacatia
 | This article contains promotional content. (November 2015) |
 | |
| Industry | Internet, resorts, vacation rentals |
|---|---|
| Founded | 2013 |
| Headquarters | , United States |
Area served | U.S. |
| Products | Online marketplace |
Vacatia, founded in 2013 and based in San Francisco, California, is an American Vacation Ownership company that spun out of Vacation Listing Service Inc., launching originally as an online marketplace for buying and selling timeshare interests.[1][2]
History
[edit]In September 2013, the company raised a $5 million seed round from travel, hotel and vacation rental industry veterans, such as Spencer Rascoff (Zillow, Expedia, Hotwire), Erik Blachford (Expedia), Robert Spottswood (Hyatt Vacation Ownership), Raymond L. “Rip” Gallein Jr. (Starwood Vacation Ownership and Marriott Vacations Worldwide), and Barry Sternlicht and Steve Hankin (Starwood Capital Group). Other investors included Bee Partners, Peterson Ventures and Meyer Ventures, as well as personal investments from Egon Durban of Silver Lake Partners and Gene Frantz of Google Capital.[3]
In April 2015, the company raised $8.8 million in a Series A round led by the Javelin Venture Partners. [4][5]
At the same time Vacatia announced its Series A funding, it announced substantial management team changes, the most prominent being the promotion of the co-founder Caroline Shin from COO to CEO, with co-founder and former CEO Keith Cox being named Chairman. In addition, Mike Janes, formerly CMO at StubHub and GM of the online store at Apple Inc., joined as the chief marketing officer.[6]
In November 2015, Vacatia publicly launched its vacation rental marketplace.[7]
In May 2016, Vacatia expanded beyond the U.S. by adding 20 resorts in Cancun and Cabo San Lucas, Mexico.[8]
In April 2016, Vacatia was integrated with HomeToGo.[9]
In May 2016, Disney Vacation Club approved Vacatia as a seller.[10]
See also
[edit]References
[edit]- ^ "Start-Up Brings an Internet Sensibility to Time Shares". The New York Times. September 4, 2013.
- ^ "11 Of The Best Investing Books".
- ^ Schaal, Dennis (September 4, 2013). "Vacation Ownership Site Gets $5 Million in Funding From Hotel Veterans". Skift.
- ^ Peltier, Dan (April 15, 2015). "This Week in Travel Startup Funding: Vacatia, Localoye and More". Skift.
- ^ Hayhurst, Lee (November 18, 2015). "Phocuswright 2015: Vacatia launches family resort holiday rental marketplace". Travolution.
- ^ May, Kevin (April 14, 2015). "Vacatia lands $7 million funding amid reshuffle of management team". Phocuswire.
- ^ Hayhurst, Lee (November 25, 2015). "Phocuswright 2015: Vacatia launches family resort holiday rental marketplace". Travolution.
- ^ Hayhurst, Lee (May 20, 2016). "Family vacation rental marketplace Vacatia goes international with expansion into Mexico". Travolution.
- ^ "HomeToGo Adds Vacatia Resort Residence Marketplace to Growing U.S. Partners" (Press release). Marketwired. April 27, 2016.
- ^ PEDICINI, SANDRA (May 22, 2016). "DVC approves Vacatia, names its newest project". Orlando Sentinel.