Love Home Swap secures second £800,000 investment from MMC Ventures
Continued support follows home swapping service’s tenfold growth increase in one year
Home-swapping site Love Home Swap has closed a second successful funding round, securing an investment of £800,000. Led by MMC Ventures, who backed Love Home Swap in an £800,000 investment round in 2011, the new funding follows the appointment of former COO of ebay Europe David Kelly as chairman and Sean Cornwell of eHarmony as non-executive director. Launched in 2011 by Debbie Wosskow, Love Home Swap offers members the opportunity to swap their homes for stylish residences across 100 countries for free. Having experienced a tenfold growth increase after the initial £800,000 investment, Wosskow is confident that the new funding will enable Love Home Swap to expand even further. She commented: “It’s great that MMC Ventures, one of the most active investors in London right now, continue to support Love Home Swap.
“As a UK-based business with a global ambition and a global footprint, this latest round of funding enables us to continue to expand and offer our members the best range of stylish homes in locations across the world.
“With a fast growing community of thousands of members in over 100 countries – why spend when you can swap?”