Home swap holiday service Love Home Swap had announced it had raised another GBP1.025 million follow on funding provided by lead investor MMC Ventures. It also launched the revolutionalry Swap Points Scheme, a first especially in the Social Travel sector.
The service has over 45,000 properties in its portfolio, with choices in 150 countries all over the world It had made great progress in the first half of 2013, with listings increasing five fold and its revenues three and half times the previous year. The rapid organic growth and its acquisition of its main rival, 1stHomeExchange, are the main reasons for the positive results.
According to Love Home Swap CEO Debbie Wosskow, "We're excited to close this latest round of funding to help us continue to scale the Love Home Swap business. The home swapping model is potentially the future of time-shares, a sector with a long history that is looking to modernize fast and reach out to future generation. With our new Swap Points scheme, Love Home Swap continues to innovate within the travel indutry. Our plan is to keep delivering what we do best, ensuring that our members enjoy dream holidays in inspiring homes around the world whilst saving thousands on hotel bills."
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