'Social home exchange' CasaHop lands $1.2M in funding
Airbnb competitor more about connecting friends than rentingBy Inman News, Wednesday, June 27, 2012.
CasaHop, a startup that uses social media sites to match users who are willing to host friends in their homes, has raised $1.2 million in financing led by First Round Capital.
The self-described "social home exchange," which soft-launched in February, is less about monetizing a home by renting it out (think Airbnb) and more about connecting with friends and having them stay over, CEO Paul Berry told GigaOM.
Also participating in the financing were Betaworks, Lerer Ventures and individual investors, GigaOM reported. CasaHop now has funding for about 18 months of operations, and plans to use the money to prepare for a wider launch within the next couple months, GigaOM's Ryan Kim reports.
CasaHop is one of two startups to come out of SoHo Tech Labs, an incubator Berry founded in February with other veterans of Huffington Post. The incubator's other project is social publishing platform RebelMouse.
|Contact Inman News:|
|Letter to the Editor|
All rights reserved. This content may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this content without permission is a violation of federal copyright law.