HouseTrip, the short-term rental site, has announced it has raised $2.7 million in a first round of venture capital funding.
The money, which came from Index Ventures, will be used to further develop the business and hire new employees.
The first of these new appointees was David Norris. He was the chief operating officer at Livebookings and is joining HouseTrip in the same role.
Co-founder of HouseTrip Arnaud Bertrand, said: “In a nutshell, we have a superb opportunity in front of us, capturing it will take money, dedication and talent.
“We have Europe’s best investors behind us and are currently gathering online travel’s best minds. David is our first great addition to the team, we couldn’t be more thrilled to have him leading our operations.”
Along with the new funding, HouseTrip has made it into The Telegraph’s list of 2011’s top 100 start-ups.
Bertrand said the company already has apartments listed in more than 250 European destinations and its revenue grew by a factor of 16 in 2010.
HouseTrip is aiming to list 100,000 properties apartments across Europe’s most popular destinations by the end of the year.