International vacation home exchange company, Love Home Swap has acquired its former competitor 1st Home Exchange. What’s interesting is that last year, Love Home Swap had 7,500 members in 105 countries and 1st Home Exchange had 19,500 members in 150 countries. It appears that the small fishy ate the big fishy! Now a few months later, both companies have grown and by combining their memberships Love Home Swap boasts 35,000 members.
Debbie Wosskow, CEO, Love Home Swap said, “We’re excited to have brought 1st Home Exchange into the Love Home Swap family. 1st Home Exchange were one of the world’s biggest home exchange sites with particularly strong coverage in Continental Europe and North America.”
Love Home Swap now has more than 10,000 members in France and last week launched the French language version of their site – www.lovehomeswap.fr – to capitalize on demand for their most requested home swap destination in the world.
“The deal allows us to accelerate the growth of the Love Home Swap business and offer the widest range of stylish homes and locations for our members to home exchange within 150 countries worldwide,” Wosskow said.
This acquisition isn’t too much of a surprise because in November 2012 Love Home Swap announced it had raised US$1.28 million in venture capital to be used to “scale” the company. Read, acquire other companies and implement some cool new business ideas. Love Home Swap isn’t done yet. They are planning another round of fundraising in Autumn 2013.
Statistics from One Poll research company reveals that twice as many people home swapped in 2012 than in 2011, an increase from 1.6 million to 3.3 million in the UK alone.
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