Venture Capital
From the New York website: Airbnb bought the Canadian short-term luxury rental site Luxury Retreats International for a rumored $200 million, removing a competitor and expanding its offerings at the high end. Montreal-based Luxury Retreats, founded in 1999, is an online marketplace for short-term home rentals with prices often exceeding $1,000 per night. Last year the company raised $11 million from venture investors, bringing its total funding to $16 million. The firm’s founder Joe Poulin ... [more]

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