Monday, June 8, 2015

Luxury Retreats, an “Airbnb for mansions,” raises $11M

Luxury Retreats Poulin

From left: Miami’s Villa Blanca, listed on Luxury Retreats for $9,000 to $14,000 per night, and Joe Poulin

A luxury rental site that can best be described as Airbnb for mansions raised $11 million in Series B funding, in another sign of how the sharing economy is making inroads into real estate.

Montreal-based Luxury Retreats, which lists vacation mansions and apartments with prices often exceeding $1,000 per night, has now raised a total of $16 million from investors. The latest round was led by Canadian venture capital firm iNovia Capital, as first reported by TechCrunch. (more…)

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